1
00:00:00,000 --> 00:00:09,840
Hello, everybody. My name is Daniel Prince, and I'm the host of the Once Bitten podcast.

2
00:00:10,400 --> 00:00:17,560
This is a podcast focused on Bitcoin. It's my mission to interview as many people as I can

3
00:00:17,560 --> 00:00:24,540
around the different aspects of Bitcoin and help people understand exactly what Bitcoin could mean

4
00:00:24,540 --> 00:00:29,560
for them and for their families and for their future. I hope you enjoy the show. Thank you so

5
00:00:29,560 --> 00:00:36,480
much for listening. Hello everybody and welcome to this episode of the Once Bitten podcast.

6
00:00:36,640 --> 00:00:43,660
Joining me today, Michael and Pavla Niedler, I hope I've pronounced that as best as I can

7
00:00:43,660 --> 00:00:50,960
in my best check, are joining me from a company that they have helped build out in the Bitcoin

8
00:00:50,960 --> 00:00:55,760
space called InBiti. And we're going to talk about that. That's a place now in Europe where

9
00:00:55,760 --> 00:01:00,340
you can download the app they have their meka license as well you can download the app and

10
00:01:00,340 --> 00:01:10,180
start stacking bitcoin today this is a family team that are behind pushing this as hard as they

11
00:01:10,180 --> 00:01:21,900
possibly can and the reason is a calling something happened to them a life death experience at sea

12
00:01:21,900 --> 00:01:31,340
in their sailboat with their two young children on board adrift with a broken mast and they swore

13
00:01:31,340 --> 00:01:39,640
that if they were to ever survive that experience they were going to make a difference in the world

14
00:01:39,640 --> 00:01:44,960
in the best way that they could think and that would obviously have something to do with bitcoin

15
00:01:44,960 --> 00:01:51,080
so that is a huge spoiler alert so if you've bought the audio only version you're just going

16
00:01:51,080 --> 00:01:59,380
to get straight into the story uh but it's such a great story that um i'm so happy that they came on

17
00:01:59,380 --> 00:02:06,940
to to share it with you and i hope that um you get to meet them if you go to btc prague this year

18
00:02:06,940 --> 00:02:13,560
you can and will meet them because they are really doing a great job of trying to get as much

19
00:02:13,560 --> 00:02:20,340
education out there for families so btc prague this year is going to be a lot more centered around

20
00:02:20,340 --> 00:02:27,420
family education because they're a young family themselves two young kids and they understand the

21
00:02:27,420 --> 00:02:36,460
importance of where this is going and why we need to be able to save our money and have a money a

22
00:02:36,460 --> 00:02:44,380
sound money that gains in purchasing power rather than loses over time so thank you both for coming

23
00:02:44,380 --> 00:02:51,200
on before we get into the show a quick shout out as always to the show sponsors we have orange pill

24
00:02:51,200 --> 00:02:59,800
app which is now club orange if you're not on the club orange app you 100 should be hit the link in

25
00:02:59,800 --> 00:03:06,540
the show notes join over 20 000 bitcoiners around the world that are meeting up in real life whether

26
00:03:06,540 --> 00:03:13,340
that is organizing a meetup uh getting together going for walks there's all kinds of things that

27
00:03:13,340 --> 00:03:20,280
are going on but people are meeting because you're just so tired of not having those in real life

28
00:03:20,280 --> 00:03:26,500
interactions with bitcoiners we are going offline and getting bitcoiners together so get over to

29
00:03:26,500 --> 00:03:30,880
club orange it's a great travel app as well when you land in a different country you can find your

30
00:03:30,880 --> 00:03:35,080
nearest bitcoiners find your nearest restaurants find your nearest events and get along and meet

31
00:03:35,080 --> 00:03:40,580
the communities uh self-custody your bitcoin very very important if you're not self-custodying your

32
00:03:40,580 --> 00:03:48,040
Bitcoin why not if you are worried that it's too technical for you that is a fallacy it is very

33
00:03:48,040 --> 00:03:54,440
very simple you can get straight over to bitbox.swiss forward slash bitten a lot of educational

34
00:03:54,440 --> 00:03:59,840
content over there they'll have video tutorials or go watch a video by btc sessions on his youtube

35
00:03:59,840 --> 00:04:05,480
channel and just put in hardware wallet he will have lots of different tutorials for you but if

36
00:04:05,480 --> 00:04:10,780
you get to bitbox.swiss forward slash bitten use the code bitten you will get a five percent discount

37
00:04:10,780 --> 00:04:19,580
on either the bitbox02 or the bitbox nova which are bitcoin only additions so please take this

38
00:04:19,580 --> 00:04:24,560
very seriously this is a call to action self-custody your bitcoin do not leave it on the exchanges

39
00:04:24,560 --> 00:04:29,660
again you will find the bitbox team at many of the conferences that they travel around so you'll

40
00:04:29,660 --> 00:04:34,640
be able to approach them in person if you want to get to a conference you've got btc ireland

41
00:04:34,640 --> 00:04:42,960
coming up in May, BTC Prague in June, BTC Hell in Helsinki in September. These three conferences

42
00:04:42,960 --> 00:04:49,040
are offering listeners a 10% discount on all tickets purchased. All you need to do is look

43
00:04:49,040 --> 00:04:54,680
at the show notes, hit those links, get redirected, plan your year ahead, bring your families,

44
00:04:55,200 --> 00:05:00,420
make sure you offer tickets to your friends, like get as many people on board as you can,

45
00:05:00,420 --> 00:05:04,980
or if nobody wants to go with you, go solo and make a bunch of new friends.

46
00:05:05,100 --> 00:05:08,840
I've seen this happen so many different times in different parts of the world.

47
00:05:09,320 --> 00:05:14,260
Bitcoiners turn up solo because they're just sick and tired of being the only one that cares about Bitcoin

48
00:05:14,260 --> 00:05:17,340
and then all of a sudden, bam, they've found their people.

49
00:05:17,460 --> 00:05:18,900
They have the most amazing time.

50
00:05:19,280 --> 00:05:21,740
So take advantage of the discount.

51
00:05:22,160 --> 00:05:24,660
Bitten, B-I-T-T-E-N.

52
00:05:24,960 --> 00:05:26,640
Hit the link in the show notes.

53
00:05:26,640 --> 00:05:31,380
Now, are you based in the UK or maybe you're visiting the UK and you want to find a meetup?

54
00:05:31,580 --> 00:05:35,300
Well, get across to themeatupbreakdown.com.

55
00:05:35,360 --> 00:05:36,580
Link in the show notes.

56
00:05:36,760 --> 00:05:48,120
This is a weekly newsletter written by a Bitcoiner from the UK who trawls all of the events and gets everything updated so you know what's going on.

57
00:05:49,500 --> 00:05:50,760
themeatupbreakdown.com.

58
00:05:50,960 --> 00:05:53,780
Meanwhile, enjoy this one with Michael and Pavla.

59
00:05:54,440 --> 00:05:57,320
Okay, Michael, Pavla, lovely to have you on the show.

60
00:05:58,500 --> 00:05:59,720
It's great to be here.

61
00:06:00,080 --> 00:06:01,200
Thank you for invitation.

62
00:06:02,120 --> 00:06:02,940
You're welcome.

63
00:06:03,040 --> 00:06:06,520
And we got to meet at the Trezor event back in November.

64
00:06:07,060 --> 00:06:11,600
And a big shout out to Martin Kutcher, who said, Daniel, you need to come and speak to these guys.

65
00:06:11,800 --> 00:06:12,940
You've got a lot in common.

66
00:06:13,320 --> 00:06:15,460
Obviously, Bitcoin we had in common.

67
00:06:15,960 --> 00:06:20,680
But then taking our kids out of school and starting a world schooling trip.

68
00:06:21,140 --> 00:06:22,940
We did it back in 2014.

69
00:06:22,940 --> 00:06:25,860
You guys have done it more recently and you did it on a sailboat.

70
00:06:26,060 --> 00:06:32,000
And we'll get into all of that because that is the story that just is absolutely incredible.

71
00:06:33,000 --> 00:06:39,660
But before we do, I think it's best if we start a little bit further back in your lives,

72
00:06:39,660 --> 00:06:46,420
just to give the listeners a little kind of, you know, who you are, wherever you come from,

73
00:06:46,420 --> 00:06:49,120
What kind of fiat careers were you in?

74
00:06:49,560 --> 00:06:54,320
And just an introduction into, you know, what shaped you.

75
00:06:54,560 --> 00:06:56,860
And then we'll get into the Bitcoin stuff.

76
00:06:57,060 --> 00:06:59,160
And then we'll get into the world schooling stuff.

77
00:06:59,360 --> 00:07:02,460
And then we'll get into what you're building in the Bitcoin space as well.

78
00:07:03,340 --> 00:07:03,740
Cool.

79
00:07:04,240 --> 00:07:05,900
Do you want to start by this first?

80
00:07:06,560 --> 00:07:07,280
Normally, yes.

81
00:07:07,380 --> 00:07:11,960
But I think in this case, you should go ahead because I joined kind of his life later.

82
00:07:11,960 --> 00:07:17,460
Well, and since then my life has changed dramatically.

83
00:07:19,320 --> 00:07:25,920
Well, what I did is when I was studying the university,

84
00:07:26,120 --> 00:07:30,940
I established an advertising agency actually,

85
00:07:31,080 --> 00:07:38,120
because that was the easiest way how to utilize my laptop and my cell phone

86
00:07:38,120 --> 00:07:43,840
and make some money to cover my expenditures,

87
00:07:44,640 --> 00:07:47,860
which were connected to university, etc.

88
00:07:49,120 --> 00:07:55,700
And then I realized, actually, I have 40 employees,

89
00:07:55,700 --> 00:08:01,180
and then I realized I don't have time to go to the university.

90
00:08:01,880 --> 00:08:06,240
And so I didn't finish my university because there were so many

91
00:08:06,240 --> 00:08:11,060
necessities to deal with in the business.

92
00:08:11,720 --> 00:08:13,020
Was this in Czech Republic?

93
00:08:13,600 --> 00:08:15,660
That was in Prague.

94
00:08:15,660 --> 00:08:16,280
Right.

95
00:08:17,100 --> 00:08:20,780
And so we are talking about when I established the agency,

96
00:08:20,940 --> 00:08:23,520
that was year 2002.

97
00:08:25,240 --> 00:08:31,240
And then you joined me, when was it?

98
00:08:31,840 --> 00:08:32,600
2012.

99
00:08:32,600 --> 00:08:45,800
2012, Pabla joined me. I was searching for a client service director. And there were actually

100
00:08:45,800 --> 00:08:57,580
two talented people in Prague, ladies actually. And one of them left to Italy and she said that

101
00:08:57,580 --> 00:09:05,460
we are too small for her and then I actually came across Pavla.

102
00:09:07,020 --> 00:09:13,120
I knew about her, but we didn't know each other personally.

103
00:09:14,240 --> 00:09:22,560
And she gave me some condition which actually changed our lives

104
00:09:22,560 --> 00:09:24,280
because I fulfilled the condition.

105
00:09:24,280 --> 00:09:26,660
the condition was

106
00:09:26,660 --> 00:09:29,820
if I will go with her

107
00:09:29,820 --> 00:09:32,120
for the sailing trip into Caribbean

108
00:09:32,120 --> 00:09:34,140
she doesn't have a crew

109
00:09:34,140 --> 00:09:38,300
she will start working for me

110
00:09:38,300 --> 00:09:39,960
I went

111
00:09:39,960 --> 00:09:42,240
into Caribbean with her

112
00:09:42,240 --> 00:09:44,160
and back then her boyfriend

113
00:09:44,160 --> 00:09:46,140
and because

114
00:09:46,140 --> 00:09:47,080
he was my friend

115
00:09:47,080 --> 00:09:48,720
yes

116
00:09:48,720 --> 00:09:52,440
well

117
00:09:52,440 --> 00:09:55,740
You know what? Everybody has some past.

118
00:09:57,680 --> 00:10:00,060
And so then Pavla joined me.

119
00:10:00,660 --> 00:10:01,700
And what happened?

120
00:10:01,700 --> 00:10:13,380
The agency became one of the largest private digital communication group

121
00:10:13,380 --> 00:10:16,220
and media group in Central Europe.

122
00:10:16,920 --> 00:10:17,620
Wow.

123
00:10:17,620 --> 00:10:31,553
We had customers like Mercedes from Germany and O2 Czech and Slovak Republic complete marketing budgets and e players

124
00:10:31,553 --> 00:10:39,273
And we've had more than 150 employees, great numbers.

125
00:10:40,173 --> 00:10:48,753
And in 2017, Publicis Group came across.

126
00:10:48,753 --> 00:10:52,093
and after

127
00:10:52,093 --> 00:10:54,733
let's say two years of negotiations

128
00:10:54,733 --> 00:10:56,453
etc we've signed a deal

129
00:10:56,453 --> 00:11:00,413
there was some earn out

130
00:11:00,413 --> 00:11:02,613
until end of 2021

131
00:11:02,613 --> 00:11:03,713
and

132
00:11:03,713 --> 00:11:09,113
and that was the end of our

133
00:11:09,113 --> 00:11:10,733
advertising career

134
00:11:10,733 --> 00:11:13,233
do you want to jump in

135
00:11:13,233 --> 00:11:14,753
I can jump in

136
00:11:14,753 --> 00:11:16,653
so my background is advertising

137
00:11:16,653 --> 00:11:31,553
I did finish my university, mainly economics, but then I come across advertising and I liked the speed of it, the innovation, the energy that was coming out of that.

138
00:11:32,353 --> 00:11:37,293
So I joined traditional big agencies back then in Czech Republic.

139
00:11:37,513 --> 00:11:39,233
I spent some time also in Spain.

140
00:11:40,553 --> 00:11:43,993
And then, yeah, I was searching for something new.

141
00:11:43,993 --> 00:11:52,713
I met Michal, who was running a digital agency while I was working for the traditional TV commercials, radio, billboards and all this.

142
00:11:53,233 --> 00:11:56,253
And I felt it's a great opportunity to learn something new.

143
00:11:56,413 --> 00:11:58,893
So I started working for him.

144
00:11:59,193 --> 00:12:00,633
Then we became business partners.

145
00:12:00,813 --> 00:12:02,613
He offered me part of his company.

146
00:12:03,233 --> 00:12:05,473
And then actually we became life partners.

147
00:12:05,473 --> 00:12:10,393
and I think when Michal was referring to this

148
00:12:10,393 --> 00:12:14,633
selling the companies and the deadline we had

149
00:12:14,633 --> 00:12:17,333
there was one big motivator

150
00:12:17,333 --> 00:12:19,113
and I know we will get to it later

151
00:12:19,113 --> 00:12:21,793
but this is actually how we got together

152
00:12:21,793 --> 00:12:24,113
as partners in life

153
00:12:24,113 --> 00:12:26,213
because there's one funny thing

154
00:12:26,213 --> 00:12:28,013
we have birthday on the same date

155
00:12:28,013 --> 00:12:29,853
he's just one year older

156
00:12:29,853 --> 00:12:32,813
it's the 22nd of June

157
00:12:32,813 --> 00:12:34,893
if somebody would be interested in

158
00:12:34,893 --> 00:12:36,873
Yeah, you can send us presents.

159
00:12:38,133 --> 00:12:38,993
Very random.

160
00:12:39,113 --> 00:12:40,513
My brother's birth date as well.

161
00:12:41,073 --> 00:12:41,513
Oh, really?

162
00:12:43,373 --> 00:12:45,173
It's happening all the time.

163
00:12:45,633 --> 00:12:46,373
That's great.

164
00:12:46,433 --> 00:12:47,533
There's something about this date.

165
00:12:47,613 --> 00:12:47,853
I don't know.

166
00:12:48,253 --> 00:12:49,773
But back to the story.

167
00:12:49,953 --> 00:12:51,953
So we were celebrating our birthdays.

168
00:12:52,433 --> 00:12:56,673
And the other day we went to this lake close to Prague.

169
00:12:56,673 --> 00:12:59,013
And we were swimming there, sailing on a small boat.

170
00:12:59,633 --> 00:13:00,873
And I had this idea.

171
00:13:00,873 --> 00:13:05,513
and I think I still had some alcohol probably running in my veins

172
00:13:05,513 --> 00:13:07,553
because I said from the Czech Republic,

173
00:13:07,713 --> 00:13:10,033
no sea swimming in this nice lake.

174
00:13:10,173 --> 00:13:12,953
It would be great to sail around the world at some time.

175
00:13:13,673 --> 00:13:17,173
And actually he looked at me and I was like, that's a good idea.

176
00:13:17,433 --> 00:13:20,353
And since I articulated and I said it loud,

177
00:13:20,513 --> 00:13:23,833
now I'm much careful with him what I say loud.

178
00:13:24,693 --> 00:13:26,333
Give your ideas to yourself.

179
00:13:27,793 --> 00:13:28,233
Exactly.

180
00:13:28,233 --> 00:13:32,393
But that actually put us together as well.

181
00:13:32,753 --> 00:13:37,153
And from like growing the companies to selling it to passing it,

182
00:13:37,213 --> 00:13:40,373
it was actually one of the key motivations for us.

183
00:13:40,373 --> 00:13:45,273
So we are able to go and sail around the world on a sailboat.

184
00:13:46,413 --> 00:13:47,553
So, yeah.

185
00:13:48,053 --> 00:13:48,733
That's amazing.

186
00:13:49,153 --> 00:13:51,013
So I'm sure it's all public information,

187
00:13:51,173 --> 00:13:53,873
but whatever you're happy to share about the sail.

188
00:13:54,393 --> 00:13:57,933
And, you know, how did that happen?

189
00:13:57,933 --> 00:13:59,253
And how did that go down?

190
00:13:59,353 --> 00:14:06,093
And how did that feel once you'd actually kind of broken the chains for want of a better term or phrase?

191
00:14:06,793 --> 00:14:06,993
Yeah.

192
00:14:07,413 --> 00:14:12,833
Well, I always put that into comparison.

193
00:14:14,193 --> 00:14:22,453
Like imagine your daughter leaves your home, finds a boyfriend, gets married.

194
00:14:22,453 --> 00:14:30,213
And that's the moment when you sell your business, which is your child.

195
00:14:32,733 --> 00:14:40,133
It was actually 16 years nonstop work, weekends, evenings.

196
00:14:40,973 --> 00:14:42,093
It was really intensive.

197
00:14:42,093 --> 00:15:08,633
What happened right at the date of the signature of the signing, I planned to create a huge party for all the people which went with me throughout the journey.

198
00:15:08,633 --> 00:15:14,433
And I remember that moment when I left the office,

199
00:15:14,713 --> 00:15:20,533
a lawyer's office, I started to feel like really sick immediately.

200
00:15:21,073 --> 00:15:24,533
And I went home, no party happened.

201
00:15:25,493 --> 00:15:31,333
And then three months I was really in the bed.

202
00:15:32,253 --> 00:15:37,253
I was having temperatures, et cetera.

203
00:15:37,253 --> 00:15:41,893
and they discovered like all those staphylococcs, streptococcs, etc.

204
00:15:42,313 --> 00:15:43,013
So you know what?

205
00:15:43,373 --> 00:15:47,753
I was pushing it so hard last years

206
00:15:47,753 --> 00:15:51,793
that I didn't pay attention to my body.

207
00:15:52,793 --> 00:15:55,973
And then I realized I cannot live like that anymore.

208
00:15:58,453 --> 00:16:03,133
So Pavla's idea about sailing around the world

209
00:16:03,133 --> 00:16:14,573
actually became top on the priority list. And so everything what we did was finish the earn out

210
00:16:16,173 --> 00:16:25,853
and then just go and sail and we will see where the sailing journey will take us.

211
00:16:27,133 --> 00:16:31,373
Were you already accomplished sailors at this point? You'd been sailing your whole life?

212
00:16:31,373 --> 00:16:42,413
We started when we met together. So I think we had like eight years of experience, mainly

213
00:16:42,413 --> 00:16:51,613
Mediterranean Sea, but Greece, Italy, France, some Caribbean, never crossing something like

214
00:16:51,613 --> 00:16:57,613
Atlantic or like never crossing the ocean. That was first time on the journey. And we managed to

215
00:16:57,613 --> 00:17:04,613
get kids along the way so yeah looking for the right window when to take them right when to sail

216
00:17:04,613 --> 00:17:11,913
so they are not too young or too old uh so apparently it all uh merged nicely because the

217
00:17:11,913 --> 00:17:17,833
earn out was for three years uh so we were and they were when we started the journey they were

218
00:17:17,833 --> 00:17:22,693
six and eight so they were able to swim in case they would i don't know like fall unexpectedly

219
00:17:22,693 --> 00:17:29,493
or something so they were able to somehow survive for some time and they were also not too big to

220
00:17:29,493 --> 00:17:35,713
miss uh the social socializing and their their counterparts uh so i think it was the right age

221
00:17:35,713 --> 00:17:42,593
uh and maybe by earn out do you mean there was a specific time that you weren't allowed to compete

222
00:17:42,593 --> 00:17:49,473
or open a new business or something by earn out i mean because uh the deal was put in a way that

223
00:17:49,473 --> 00:17:54,113
you get some money in the beginning but because advertising is a lot about people business

224
00:17:54,113 --> 00:18:00,853
the the buyer wanted to make sure that we are integrated integrating correctly that people will

225
00:18:00,853 --> 00:18:08,193
not leave in one year so we had three years to prove to integrate and also we get actually quite

226
00:18:08,193 --> 00:18:15,753
motivating uh if we are growing enough we got even more than at the beginning of the signature

227
00:18:15,753 --> 00:18:23,113
of the of the of the deal so it was uh my goal to manage half of the company we had some other

228
00:18:23,113 --> 00:18:28,313
partners and basically to make sure we follow the earn out we get the money and then we are

229
00:18:28,313 --> 00:18:35,993
we hand it over and we can we can uh we can uh leave well because we were merging um two different

230
00:18:35,993 --> 00:18:43,593
cultures 400 people on publicist side and close to 200 people from our side

231
00:18:43,593 --> 00:18:54,953
they were coming from the it's called above the line like atl tv commercials etc brand building

232
00:18:54,953 --> 00:19:03,513
and we were the digital guys you know online advertising directed performance driven

233
00:19:03,513 --> 00:19:17,953
a lot of technology like data management platforms etc etc and and so we were remunerated or motivated

234
00:19:17,953 --> 00:19:30,833
by success which in this case was imagine you have a global brands like mercedes-benz or

235
00:19:30,833 --> 00:19:32,993
Coca-Cola or Procter & Gamble.

236
00:19:37,113 --> 00:19:38,773
So those clients,

237
00:19:39,273 --> 00:19:42,933
maybe they still have, but back then they had divided budgets.

238
00:19:44,253 --> 00:19:46,473
The digital budget was growing.

239
00:19:48,213 --> 00:19:50,153
The ATL budget was shrinking.

240
00:19:51,233 --> 00:19:54,833
So our motivation was actually through the ATL

241
00:19:54,833 --> 00:19:58,933
get to the digital departments and bring the revenue.

242
00:20:00,833 --> 00:20:04,833
And we actually successfully did.

243
00:20:06,833 --> 00:20:14,833
A majority of our key people are now keeping the main positions within the group.

244
00:20:16,833 --> 00:20:25,833
It was presented as one of the biggest successes here in this region,

245
00:20:25,833 --> 00:20:29,833
when quite significant players merged together.

246
00:20:30,833 --> 00:20:41,633
Because we've got, if you want some numbers, that's what people are always asking about.

247
00:20:41,633 --> 00:20:54,505
The total price was never communicated but the principles Publicis was traded on the stock exchange let say

248
00:20:55,225 --> 00:21:05,385
uh 13 multiple back then um on ebida so we knew that we have to be slightly below

249
00:21:05,385 --> 00:21:17,145
we've got multiple I think around 10 so that means our revenues brought into the group will

250
00:21:17,145 --> 00:21:29,985
still make the difference on public on the stock exchange right so the multiple was around 10 when

251
00:21:29,985 --> 00:21:39,225
there was a signing but at the end of the earn out period the effective multiple was actually 18

252
00:21:39,225 --> 00:21:48,945
because we've grown thanks to their clients and thanks to their budgets so the main condition of

253
00:21:48,945 --> 00:21:58,085
the deal was everything related to digital media comes to our numbers even the revenue comes from

254
00:21:58,085 --> 00:21:59,325
your current clients.

255
00:22:00,445 --> 00:22:01,365
And that was the trick.

256
00:22:02,505 --> 00:22:04,345
Because we knew

257
00:22:04,345 --> 00:22:06,285
that the digital budgets will grow

258
00:22:06,285 --> 00:22:07,185
rapidly.

259
00:22:08,985 --> 00:22:09,145
And

260
00:22:09,145 --> 00:22:12,165
then 2021

261
00:22:12,165 --> 00:22:13,845
we've said

262
00:22:13,845 --> 00:22:15,445
Arrivederci.

263
00:22:16,565 --> 00:22:17,465
Love it.

264
00:22:18,245 --> 00:22:20,445
So now you've got the boat in place

265
00:22:20,445 --> 00:22:20,985
I'm assuming.

266
00:22:21,865 --> 00:22:24,485
Was that a big

267
00:22:24,485 --> 00:22:26,345
undertaking? Lots

268
00:22:26,345 --> 00:22:27,825
of things to consider?

269
00:22:28,085 --> 00:22:36,565
you know yeah to to sail around the world was the goal um or to certain parts or like you know

270
00:22:36,565 --> 00:22:43,685
there's a lot of planning to be put in here six and eight year old kids uh taking them out of school

271
00:22:43,685 --> 00:22:51,345
uh communicating all of this crazy plan to both sides of your family and your friends

272
00:22:51,345 --> 00:22:54,625
and your colleagues who are all looking...

273
00:22:54,625 --> 00:22:56,185
I see your eyes there, Michael.

274
00:22:57,065 --> 00:22:59,665
You're remembering those conversations clearly.

275
00:22:59,665 --> 00:23:00,465
Yes, exactly.

276
00:23:01,465 --> 00:23:03,945
I just had the picture in front of me.

277
00:23:06,085 --> 00:23:13,585
Well, we've had two boats on lakes in Czech Republic

278
00:23:13,585 --> 00:23:16,245
and like after each other.

279
00:23:16,245 --> 00:23:18,845
and then two boats

280
00:23:18,845 --> 00:23:21,545
on the sea.

281
00:23:22,005 --> 00:23:24,425
One in the Mediterranean.

282
00:23:24,425 --> 00:23:27,205
We sold it and then we bought

283
00:23:27,205 --> 00:23:31,265
a special design boat for the circumnavigation.

284
00:23:34,505 --> 00:23:36,065
We did some

285
00:23:36,065 --> 00:23:40,425
races, some trainings.

286
00:23:41,705 --> 00:23:44,765
We spent a month, a year

287
00:23:44,765 --> 00:23:48,505
with kids usually sailing somewhere.

288
00:23:49,265 --> 00:23:51,905
So there was a preparation of our skills.

289
00:23:53,605 --> 00:23:56,445
And they train you for worst-case scenarios, I'm assuming.

290
00:23:56,765 --> 00:23:57,865
Yeah, they did.

291
00:23:58,405 --> 00:23:59,665
The ones that they expect.

292
00:24:02,365 --> 00:24:07,245
Well, actually, we were watching a lot of content.

293
00:24:07,245 --> 00:24:10,005
All the YouTubers, we were following them.

294
00:24:10,005 --> 00:24:25,485
and then what happened we went to Düsseldorf there is like the largest boat fair or festival

295
00:24:25,485 --> 00:24:36,605
exhibition um and uh i met jimmy cornell which is absolutely fantastic uh

296
00:24:37,805 --> 00:24:44,045
sailor he is more than 90 year old i i think he's actually 92 3.

297
00:24:45,885 --> 00:24:52,125
um his origin is from romania but um his parents left to england

298
00:24:52,125 --> 00:25:02,565
I don't know when after second world war and then he became a sailor he was a BBC reporter

299
00:25:02,565 --> 00:25:10,305
and he sailed I think five times all around the world with his kids he was educating them on the

300
00:25:10,305 --> 00:25:21,085
world etc and uh and i accidentally met him and uh we started to talk about our dream and his

301
00:25:21,085 --> 00:25:29,545
successes and he said you know what i'm organizing a regatta uh would would you join me of course

302
00:25:29,545 --> 00:25:37,365
immediately we've confirmed and uh because it's much easier when someone else is preparing the

303
00:25:37,365 --> 00:25:49,845
journey and the harbors and the weather forecast etc and so we've joined regatta by organized by

304
00:25:49,845 --> 00:25:58,805
jimmy cornell uh and that regatta was leaving uh in the fall or winter of 2021

305
00:26:01,045 --> 00:26:06,245
yeah um a little bit of covid nonsense going on as well at the time oh man yeah

306
00:26:07,365 --> 00:26:15,505
we forget right so easy we so quickly we forget like i remember when we were preparing to cross

307
00:26:15,505 --> 00:26:21,285
because to cross the atlantic it took like one month preparations to get the like the boat

308
00:26:21,285 --> 00:26:29,085
technically ready to you because the on our boat the the period to get across the atlantic it was

309
00:26:29,085 --> 00:26:35,105
in the end it was 21 days we were promised about 18 but then we were getting less wind

310
00:26:35,105 --> 00:26:41,665
and you just see that the estimated time of arrival is prolonging day by day.

311
00:26:42,225 --> 00:26:48,405
But so even like you have to pack the food and all the necessary things you might need

312
00:26:48,405 --> 00:26:53,985
for such a long journey, you have to figure out what will you do over the day with the kids, right?

313
00:26:54,045 --> 00:26:56,405
Because they were still quite small.

314
00:26:57,005 --> 00:27:01,225
And when you were asking about like the friends and family, when we said our idea to them,

315
00:27:01,225 --> 00:27:08,665
my mom actually my mom and her boyfriend who were also sailors never that big they prefer to have

316
00:27:08,665 --> 00:27:15,725
this you know nice drink on the board of the boat and just be on the anchor and enjoy the sun and the

317
00:27:15,725 --> 00:27:21,865
water so my mom was so nervous that something would happen to us and she said I'm not able to

318
00:27:21,865 --> 00:27:27,965
stay like you know on the dry soil and wait for the news when you cross so I better go with you

319
00:27:27,965 --> 00:27:34,345
which was actually great so we had two more adults uh for crossing the atlantic she is a doctor

320
00:27:34,345 --> 00:27:41,285
her boyfriend is a sailor so actually very good companions and actually i was surprised that uh

321
00:27:41,285 --> 00:27:46,245
we were not having any like people are always asking like did you get any bad mood and any

322
00:27:46,245 --> 00:27:52,725
arguments i have to say we never it was actually very in this perspective there was not no problem

323
00:27:52,725 --> 00:28:00,005
and it appeared to be very helpful um yeah mainly because of your seasickness which

324
00:28:00,005 --> 00:28:09,065
never appeared before when we were sailing in mediterranean but pavla was sick for three weeks

325
00:28:09,065 --> 00:28:22,345
man it's uh uh i mean i i never experienced her in such a condition like that uh this is like

326
00:28:22,345 --> 00:28:28,125
Before you go on the whole big trip, did you not think, well, perhaps this is a bad idea then?

327
00:28:29,565 --> 00:28:30,045
No.

328
00:28:30,445 --> 00:28:31,445
I always was good.

329
00:28:31,565 --> 00:28:33,165
Okay, it got worse with pregnancy.

330
00:28:33,625 --> 00:28:36,205
Before I was pregnant, actually, I had never seasickness.

331
00:28:36,325 --> 00:28:41,665
Then I always had like one day and then it went away, which is quite normal, actually.

332
00:28:42,265 --> 00:28:45,485
Many sailors got seasick, surprisingly.

333
00:28:46,285 --> 00:28:48,885
I had some medication, but it basically didn't work.

334
00:28:48,885 --> 00:28:54,405
the waves across the Atlantic are much different to the Mediterranean or like even to Caribbean.

335
00:28:54,965 --> 00:29:02,085
They are bigger, longer. So my inner ear wasn't able to stabilize probably. So I was seasick like

336
00:29:02,085 --> 00:29:08,825
all three weeks. It was, it was terrible. I forgot. Sorry, it's gone. You have to look to the future,

337
00:29:08,945 --> 00:29:15,385
but that was, that was tough. It was actually one of the problems why then we were discussing how to

338
00:29:15,385 --> 00:29:22,005
move continue with the with the boat with the sailing and we kind of reformulated a bit the

339
00:29:22,005 --> 00:29:28,205
agenda we decided to stay more in the caribbean and enjoy it there because yeah one one one

340
00:29:28,205 --> 00:29:33,585
atlantic or one ocean crossing was actually great experience but uh yeah i think for many sailors

341
00:29:33,585 --> 00:29:39,965
you don't even do it once in your life so we felt we ticked the box um and then yeah so we were we

342
00:29:39,965 --> 00:29:47,165
stayed in the caribbean we were sailing there it was actually great time um yeah uh kids were i

343
00:29:47,165 --> 00:29:52,745
think they are in the great age even now they are 10 and 12 so you are their partner they can do many

344
00:29:52,745 --> 00:29:59,745
things with you suddenly right and we before were not used to spending so much time together

345
00:29:59,745 --> 00:30:05,705
hard working you know i always had some nanny uh and some other support so i can work uh even over

346
00:30:05,705 --> 00:30:07,525
my maternity leave

347
00:30:07,525 --> 00:30:09,685
basically so it was actually

348
00:30:09,685 --> 00:30:10,125
great

349
00:30:10,125 --> 00:30:12,725
but then we got

350
00:30:12,725 --> 00:30:14,065
we got like

351
00:30:14,065 --> 00:30:17,145
well we were sailing

352
00:30:17,145 --> 00:30:18,665
or you want to say it

353
00:30:18,665 --> 00:30:21,545
well because we've decided

354
00:30:21,545 --> 00:30:23,205
that we will not continue farther

355
00:30:23,205 --> 00:30:25,205
across the Panama Canal

356
00:30:25,205 --> 00:30:29,485
we decided to put

357
00:30:29,485 --> 00:30:31,085
the boat for sail

358
00:30:31,085 --> 00:30:32,285
and

359
00:30:32,285 --> 00:30:35,445
because it was kind of

360
00:30:35,445 --> 00:30:39,365
how to say, like a special boat,

361
00:30:40,885 --> 00:30:41,965
Amel 50.

362
00:30:42,925 --> 00:30:47,405
The production capacity is 13 boats per year.

363
00:30:48,885 --> 00:30:52,805
So we knew that there would be someone interested about the boat.

364
00:30:54,185 --> 00:31:00,345
And some German guy actually contacted us,

365
00:31:00,345 --> 00:31:26,978
But he had one condition to bring the boat back from where we were which was Dominican Republic back to Martinique where is a large shipyard or the capacity because he wanted the professionals to check the boat about the conditions

366
00:31:26,978 --> 00:31:32,978
We said no problem, it will take us three, four days to sail south.

367
00:31:32,978 --> 00:31:36,278
we said hey kids

368
00:31:36,278 --> 00:31:38,318
this is our last

369
00:31:38,318 --> 00:31:40,938
sailing trip on this boat

370
00:31:40,938 --> 00:31:41,698
so prepare

371
00:31:41,698 --> 00:31:44,218
all your things

372
00:31:44,218 --> 00:31:45,098
start packing

373
00:31:45,098 --> 00:31:46,298
and

374
00:31:46,298 --> 00:31:50,958
we left south from Dominican Republic

375
00:31:50,958 --> 00:31:53,098
and

376
00:31:53,098 --> 00:31:55,038
what

377
00:31:55,038 --> 00:31:55,618
happened

378
00:31:55,618 --> 00:31:58,638
after day and a half

379
00:31:58,638 --> 00:32:01,078
when we were sitting in the

380
00:32:01,078 --> 00:32:02,818
cockpit listening

381
00:32:02,818 --> 00:32:05,538
some audiobooks with kids.

382
00:32:07,038 --> 00:32:09,618
It was quite nice wind.

383
00:32:09,938 --> 00:32:12,958
I think like around 25 knots.

384
00:32:13,678 --> 00:32:15,458
It's like great sailing condition.

385
00:32:15,458 --> 00:32:20,038
You know, the boat has like great speed.

386
00:32:20,878 --> 00:32:28,778
And then the boat started somehow moving strangely.

387
00:32:29,398 --> 00:32:31,798
That took like 10, 15 seconds.

388
00:32:31,798 --> 00:32:39,638
because when you are a sailor, you are always focused on what you can hear,

389
00:32:40,458 --> 00:32:43,158
how the move is happening.

390
00:32:44,278 --> 00:32:48,798
And then I looked out from the cockpit and then I saw something

391
00:32:49,358 --> 00:32:51,518
what I never wanted to see.

392
00:32:53,098 --> 00:32:57,778
The mast was 21 meters high.

393
00:32:57,778 --> 00:33:02,698
and in the height of seven meters

394
00:33:02,698 --> 00:33:08,178
it broke and fell off

395
00:33:08,178 --> 00:33:10,898
the board of the deck

396
00:33:10,898 --> 00:33:16,238
and then immediately

397
00:33:16,238 --> 00:33:21,098
we knew that it would be a tough job

398
00:33:21,098 --> 00:33:24,918
because you have to get rid of the remaining

399
00:33:24,918 --> 00:33:39,238
14 meters of mast which is one ton of weight and you know just the main main sail was 240 square

400
00:33:39,238 --> 00:33:50,038
meters uh imagine that that's below the boat and uh under the water so you just cannot easily

401
00:33:50,038 --> 00:34:03,958
maneuver you have to cut everything off and also the front sails we had two sails up

402
00:34:03,958 --> 00:34:13,718
up on the mast so in total the area of square meters of sails I cannot recall

403
00:34:13,718 --> 00:34:17,238
so we started to cut off

404
00:34:17,238 --> 00:34:19,338
the wires

405
00:34:19,338 --> 00:34:21,158
ropes, sails

406
00:34:21,158 --> 00:34:22,758
and

407
00:34:22,758 --> 00:34:25,358
we had only one luck

408
00:34:25,358 --> 00:34:27,278
that despite the broken

409
00:34:27,278 --> 00:34:29,258
mast was hitting the boat it was above

410
00:34:29,258 --> 00:34:30,978
the line of the water so

411
00:34:30,978 --> 00:34:33,698
we knew we will not

412
00:34:33,698 --> 00:34:35,098
sink at least

413
00:34:35,098 --> 00:34:37,458
for some moment for some time

414
00:34:37,458 --> 00:34:39,278
and that's

415
00:34:39,278 --> 00:34:41,138
yeah we were trying to get some help like

416
00:34:41,138 --> 00:34:43,098
from the coast guard from Puerto Rico

417
00:34:43,098 --> 00:34:46,338
but they just texted with us the whole day.

418
00:34:47,158 --> 00:34:49,718
And then they said, we can bring the helicopter.

419
00:34:50,438 --> 00:34:54,358
It will take you out with your kids, but that's all what we can do.

420
00:34:54,438 --> 00:34:57,018
Then we just sink the boat because it's unmaneuvered.

421
00:34:57,178 --> 00:35:00,618
You cannot maneuver it, which we said, like, we are not sinking.

422
00:35:00,898 --> 00:35:04,818
So let's keep it as a plan B in case something really happens.

423
00:35:05,298 --> 00:35:09,258
Then we try to get the support from Dominican Republic

424
00:35:09,258 --> 00:35:12,118
to get some private boat that would tow us away.

425
00:35:12,118 --> 00:35:14,678
but then because in Dominican Republic

426
00:35:14,678 --> 00:35:16,738
the country is operated

427
00:35:16,738 --> 00:35:18,658
a lot by the army and

428
00:35:18,658 --> 00:35:21,138
they are afraid of any human trafficking

429
00:35:21,138 --> 00:35:22,838
or drug trafficking, they thought

430
00:35:22,838 --> 00:35:25,058
these guys are probably either or

431
00:35:25,058 --> 00:35:27,018
so they didn't allow any

432
00:35:27,018 --> 00:35:28,658
private boat to help us

433
00:35:28,658 --> 00:35:31,038
so we knew

434
00:35:31,038 --> 00:35:32,918
we had to help ourselves

435
00:35:32,918 --> 00:35:35,298
so basically day and night

436
00:35:35,298 --> 00:35:36,998
we were trying

437
00:35:36,998 --> 00:35:38,938
to figure it out and then

438
00:35:38,938 --> 00:35:40,978
to cut it short because not everybody is sailor

439
00:35:40,978 --> 00:35:41,538
not everybody

440
00:35:41,538 --> 00:35:45,198
how was the weather holding up at this point

441
00:35:45,198 --> 00:35:46,698
because you just must have been

442
00:35:46,698 --> 00:35:48,298
stranded at this point

443
00:35:48,298 --> 00:35:50,658
and what was the material

444
00:35:50,658 --> 00:35:52,798
how did it just snap like that

445
00:35:52,798 --> 00:35:53,998
well

446
00:35:53,998 --> 00:35:55,918
it was a

447
00:35:55,918 --> 00:35:56,998
material

448
00:35:56,998 --> 00:36:00,818
like a

449
00:36:00,818 --> 00:36:02,818
fortified plastic material

450
00:36:02,818 --> 00:36:04,258
which is used for

451
00:36:04,258 --> 00:36:05,118
it's aluminium

452
00:36:05,118 --> 00:36:09,258
it's

453
00:36:09,258 --> 00:36:10,258
it's

454
00:36:10,258 --> 00:36:19,518
like it's like meter or around two meters um perimeter sorry for english so you can't even

455
00:36:19,518 --> 00:36:25,358
like hug it like it was that big right you cannot hug it around uh that was massive

456
00:36:25,358 --> 00:36:36,778
but of course it's it's not uh solid uh you know there are within right okay for for the ropes etc

457
00:36:36,778 --> 00:36:46,778
uh what happened is that i have a pencil here right so this is the mast and uh there are supports

458
00:36:46,778 --> 00:36:59,258
with a inox wires from the front into the back and onto the sides what happened uh that the

459
00:36:59,258 --> 00:37:00,438
furler

460
00:37:00,438 --> 00:37:03,098
from the main

461
00:37:03,098 --> 00:37:05,118
sorry front sails

462
00:37:05,118 --> 00:37:07,018
was electrical

463
00:37:07,018 --> 00:37:08,478
and

464
00:37:08,478 --> 00:37:11,278
because everything was controlled

465
00:37:11,278 --> 00:37:12,458
from the cockpit

466
00:37:12,458 --> 00:37:14,718
so

467
00:37:14,718 --> 00:37:16,578
most probably

468
00:37:16,578 --> 00:37:18,138
the furler

469
00:37:18,138 --> 00:37:21,478
was so strong that it actually

470
00:37:21,478 --> 00:37:23,378
broke

471
00:37:23,378 --> 00:37:25,418
the inox

472
00:37:25,418 --> 00:37:27,298
wire which was

473
00:37:27,298 --> 00:37:28,598
at the top of the mast

474
00:37:28,598 --> 00:37:31,258
then the front sail

475
00:37:31,258 --> 00:37:33,558
the support of the mast fell off

476
00:37:33,558 --> 00:37:35,258
and the mast

477
00:37:35,258 --> 00:37:37,418
didn't have the support so it broke

478
00:37:37,418 --> 00:37:38,898
in the 7 meters

479
00:37:38,898 --> 00:37:40,518
and this 15 meters

480
00:37:40,518 --> 00:37:41,838
fell down

481
00:37:41,838 --> 00:37:45,458
this usually

482
00:37:45,458 --> 00:37:47,218
doesn't happen so don't be

483
00:37:47,218 --> 00:37:49,858
well

484
00:37:49,858 --> 00:37:53,198
I was asked

485
00:37:53,198 --> 00:37:55,258
if I would buy again

486
00:37:55,258 --> 00:37:57,258
the same

487
00:37:57,258 --> 00:37:58,398
boat

488
00:37:58,398 --> 00:38:00,698
or the boat from the builder

489
00:38:00,698 --> 00:38:01,938
Amel

490
00:38:01,938 --> 00:38:03,938
I said yes

491
00:38:03,938 --> 00:38:07,358
it's so great boat

492
00:38:07,358 --> 00:38:10,878
actually it happened

493
00:38:10,878 --> 00:38:12,578
to them only

494
00:38:12,578 --> 00:38:14,358
once in their

495
00:38:14,358 --> 00:38:16,458
I think 65

496
00:38:16,458 --> 00:38:18,438
year old history

497
00:38:18,438 --> 00:38:21,098
it's like

498
00:38:21,098 --> 00:38:22,858
it's so quality boat

499
00:38:22,858 --> 00:38:24,158
it's so quality boat

500
00:38:24,158 --> 00:38:24,798
that

501
00:38:24,798 --> 00:38:28,278
it's like

502
00:38:28,278 --> 00:38:30,918
it's not super speedy but it's so

503
00:38:30,918 --> 00:38:31,638
quality it's like

504
00:38:31,638 --> 00:38:35,158
Mercedes G

505
00:38:35,158 --> 00:38:38,418
in comparison

506
00:38:38,418 --> 00:38:40,678
with the other Land Rovers

507
00:38:40,678 --> 00:38:42,158
etc so it's like

508
00:38:42,158 --> 00:38:44,338
it's solid yeah

509
00:38:44,338 --> 00:38:45,978
so now you've got

510
00:38:45,978 --> 00:38:48,678
you've got a

511
00:38:48,678 --> 00:38:49,478
snap mast

512
00:38:49,478 --> 00:38:52,218
14-15 meters of it

513
00:38:52,218 --> 00:38:54,118
still attached to the boat

514
00:38:54,118 --> 00:38:55,838
but hanging over the side

515
00:38:56,798 --> 00:39:02,558
the coast guards won't come out and help you're in the middle of no it's not like other people

516
00:39:02,558 --> 00:39:08,478
are sailing by that can just come and help you uh it wasn't a shipping lane was it burning chance

517
00:39:09,118 --> 00:39:18,078
uh yeah well uh for non-sailors is good to mention that um on the top of the mast you have light

518
00:39:18,078 --> 00:39:29,838
night someone can see you farther let's say few few nautical miles you have a vhf radio

519
00:39:30,878 --> 00:39:39,118
and you have a rudder all of that was gone the only thing we had was the satellite phone

520
00:39:39,118 --> 00:39:51,678
So as Pavla mentioned, the US Coast Guard from Puerto Rico, they said, well, they will come

521
00:39:51,678 --> 00:39:54,958
with a helicopter to save us.

522
00:39:54,958 --> 00:40:01,278
Dominican Republic, manana, probably meant.

523
00:40:01,278 --> 00:40:11,978
It was, you know, for, I don't want to say anything rude about the Dominican submarine.

524
00:40:14,558 --> 00:40:20,438
And so, but there was a shipping line, that was your question.

525
00:40:21,518 --> 00:40:30,358
During the night, I've seen like the big container ships farther in some distance crossing our path.

526
00:40:31,278 --> 00:40:35,518
I knew that they cannot see me on their radar.

527
00:40:36,478 --> 00:40:41,258
So what I did, I did from some wire remaining on the deck,

528
00:40:41,258 --> 00:40:46,258
I did the antenna around the boat,

529
00:40:46,998 --> 00:40:52,698
somehow connected it to the VHF in the cabin.

530
00:40:53,938 --> 00:40:59,678
And so I hoped that I'm sending a signal

531
00:40:59,678 --> 00:41:09,118
so they can see at least some object i will never discover if it was working but we are alive

532
00:41:13,198 --> 00:41:23,438
i have a picture early in the morning like after sunrise let's say 6 30 in the morning

533
00:41:23,438 --> 00:41:30,438
There is a container ship 200 meters in front of our front of the boat.

534
00:41:30,438 --> 00:41:34,438
The container ship doesn't steer fast.

535
00:41:34,438 --> 00:41:39,938
The container ships, when they start steering, it takes them 10, 15 minutes

536
00:41:39,971 --> 00:41:48,371
to start when they are running on the speed on the full speed so they wouldn't actually

537
00:41:48,371 --> 00:41:57,411
change their direction they would just pass through us but what happened right after this moment

538
00:41:59,011 --> 00:42:09,571
we got rid of the remaining 14 meters of mast and then we were able to start the propeller

539
00:42:09,971 --> 00:42:20,311
and so there was nothing blocking the boat under the waterline

540
00:42:20,311 --> 00:42:24,371
because the mast was like a sea anchor.

541
00:42:26,871 --> 00:42:28,631
We were just drifting.

542
00:42:29,291 --> 00:42:33,771
We would drift for a few days until we would hit some rock.

543
00:42:34,771 --> 00:42:37,851
If we wouldn't get rid of the mast

544
00:42:37,851 --> 00:42:43,531
and uh so how do you get rid of the mask because you've got like you said the iron

545
00:42:43,531 --> 00:42:49,531
wires and obviously there's all the sheets so these aren't easy to cut you know by design yeah

546
00:42:50,571 --> 00:43:00,971
well uh i had the uh the electric uh flex um um when you want to cut something have you sorry

547
00:43:00,971 --> 00:43:06,971
some iron when you want to cut some iron you have this uh it's called flexa or um

548
00:43:08,651 --> 00:43:17,371
it's a it's a yeah you can google it then i had uh a huge like scissors for cutting

549
00:43:17,371 --> 00:43:22,811
the ropes but what was the most handy thing was the saw

550
00:43:22,811 --> 00:43:26,231
for the iron.

551
00:43:26,651 --> 00:43:29,051
That was the fastest

552
00:43:29,051 --> 00:43:30,951
thing.

553
00:43:31,951 --> 00:43:34,311
So we cut it off

554
00:43:34,311 --> 00:43:35,531
all the wires.

555
00:43:36,311 --> 00:43:37,351
You have to, like,

556
00:43:37,971 --> 00:43:40,051
excuse me for questioning more and more.

557
00:43:40,191 --> 00:43:41,331
I'm not a sailor, but

558
00:43:41,331 --> 00:43:44,131
if any of those ropes get caught up

559
00:43:44,131 --> 00:43:46,231
around the propeller and you

560
00:43:46,231 --> 00:43:48,791
free the mast,

561
00:43:49,151 --> 00:43:50,271
you're going down with it,

562
00:43:50,311 --> 00:43:52,291
I'm assuming, because the mast is going

563
00:43:52,291 --> 00:44:03,011
go straight to the bottom yeah well uh what would happen is that uh the proper would get stuck

564
00:44:04,291 --> 00:44:11,731
most probably with that movement it would create a hole from the bottom to the engine room

565
00:44:13,491 --> 00:44:17,491
so then we would start thinking sink immediately

566
00:44:17,491 --> 00:44:18,571
Get the boat water.

567
00:44:20,711 --> 00:44:24,451
So you're underneath the boat at some point, I'm assuming,

568
00:44:24,571 --> 00:44:25,371
with a mask on.

569
00:44:25,811 --> 00:44:26,751
Absolutely check.

570
00:44:26,791 --> 00:44:28,971
Was anything wrapped up, caught at all?

571
00:44:30,071 --> 00:44:35,091
Not at the proper, but I had to dive down.

572
00:44:36,051 --> 00:44:38,671
Pablo was holding me on the rope.

573
00:44:39,671 --> 00:44:41,451
Yeah, because of the current, obviously.

574
00:44:41,451 --> 00:44:49,611
so yeah and um uh so i was just on breathe

575
00:44:49,611 --> 00:45:00,691
dive down let's say into three four meters uh i cutted the the ropes below the deck

576
00:45:00,691 --> 00:45:10,311
and i went up breathe again down it took us like i don't know half an hour and um

577
00:45:10,311 --> 00:45:16,911
And in the waves, when everything is moving below the deck, that was...

578
00:45:16,911 --> 00:45:19,311
With the open knife, it was super dangerous.

579
00:45:19,671 --> 00:45:25,871
It was not comfortable at all, because if something would happen to him,

580
00:45:25,911 --> 00:45:31,091
which was very likely, I have no idea what I would be doing there on my own with two kids.

581
00:45:31,611 --> 00:45:34,491
And I was wondering if I would be even able to pull him out of the water,

582
00:45:34,871 --> 00:45:37,371
if he, I don't know, got hit or something.

583
00:45:38,231 --> 00:45:40,091
So that was not easy.

584
00:45:40,311 --> 00:45:46,411
but then luckily because the boat was moving all the time on the waves,

585
00:45:47,191 --> 00:45:52,171
the mast was constantly, it's like when you have the teeth

586
00:45:52,171 --> 00:45:53,231
and you try to get it out.

587
00:45:53,651 --> 00:45:54,991
So that was happening to the mast.

588
00:45:54,991 --> 00:45:59,611
So we were lucky that after this 24 hours or something in the morning,

589
00:45:59,711 --> 00:46:04,231
the other day, the mast fell down by its weight.

590
00:46:04,631 --> 00:46:08,611
So we pulled it on the board and were able to start the engine

591
00:46:08,611 --> 00:46:13,011
and just go back with the mast across the boat broken.

592
00:46:14,311 --> 00:46:14,951
Yeah, we took it.

593
00:46:15,071 --> 00:46:16,751
I'm not sure if it's understandable.

594
00:46:17,031 --> 00:46:19,071
You have the seven meters.

595
00:46:19,291 --> 00:46:20,951
This is the 40 meters.

596
00:46:20,951 --> 00:46:22,111
It goes like that.

597
00:46:23,051 --> 00:46:26,411
And what happened that at the bottom here,

598
00:46:27,051 --> 00:46:28,791
that was still moving.

599
00:46:28,891 --> 00:46:32,911
That was the effect which Pablo was talking about.

600
00:46:33,411 --> 00:46:36,811
What happened that it fell on the side

601
00:46:36,811 --> 00:46:46,491
and it lifted up this 15 meters with it uh-huh and so this is the boat and then all

602
00:46:46,491 --> 00:46:55,911
both parts of the mast lying on on the front of the of the boat so there was nothing below the deck

603
00:46:55,911 --> 00:47:03,711
wow and uh and then we were able to to so you're under just engine power from that point

604
00:47:03,711 --> 00:47:05,711
how much fuel did you have

605
00:47:05,711 --> 00:47:06,351
on the forecast?

606
00:47:07,191 --> 00:47:10,371
This boat has

607
00:47:10,371 --> 00:47:12,231
if I recall

608
00:47:12,231 --> 00:47:12,991
properly

609
00:47:12,991 --> 00:47:14,991
900

610
00:47:14,991 --> 00:47:18,131
liters of

611
00:47:18,131 --> 00:47:18,771
diesel

612
00:47:18,771 --> 00:47:20,631
it would

613
00:47:20,631 --> 00:47:23,151
That was luckily not the problem

614
00:47:23,151 --> 00:47:24,191
that would be

615
00:47:24,191 --> 00:47:25,211
deep

616
00:47:25,211 --> 00:47:28,351
We had a full tank

617
00:47:28,351 --> 00:47:30,151
we would be there for

618
00:47:30,151 --> 00:47:32,071
a week or

619
00:47:32,071 --> 00:47:36,531
week and a half, for example, we would be able to go on the engine.

620
00:47:38,871 --> 00:47:42,791
So then we've arrived back to Dominican Republic

621
00:47:42,791 --> 00:47:45,571
after 36 hours.

622
00:47:47,351 --> 00:47:50,251
And I remember

623
00:47:50,251 --> 00:47:56,111
we've arrived to the bay and there was a huge

624
00:47:56,111 --> 00:48:00,231
motor yacht with a helicopter on the deck.

625
00:48:00,231 --> 00:48:03,151
and I remember that

626
00:48:03,151 --> 00:48:06,011
boat was standing there

627
00:48:06,011 --> 00:48:07,931
on the anchor when we were leaving

628
00:48:07,931 --> 00:48:08,971
from Dominican Republic

629
00:48:08,971 --> 00:48:11,111
I checked it out and it was

630
00:48:11,111 --> 00:48:12,311
Jeff Bezos

631
00:48:12,311 --> 00:48:15,211
Jeff Bezos there

632
00:48:15,211 --> 00:48:17,531
and we arrived back

633
00:48:17,531 --> 00:48:18,231
I said

634
00:48:18,231 --> 00:48:21,611
you probably heard us

635
00:48:21,611 --> 00:48:22,311
on the radio

636
00:48:22,311 --> 00:48:24,031
you didn't come back

637
00:48:24,031 --> 00:48:26,731
you didn't come to save us

638
00:48:26,731 --> 00:48:28,511
since that moment

639
00:48:28,511 --> 00:48:31,191
I'm not buying anything on Amazon

640
00:48:31,191 --> 00:48:35,211
it took me half a year

641
00:48:35,211 --> 00:48:36,551
and then I started to buy

642
00:48:36,551 --> 00:48:38,671
stuff because there is no other way

643
00:48:38,671 --> 00:48:39,411
yeah

644
00:48:39,411 --> 00:48:40,871
so

645
00:48:40,871 --> 00:48:43,291
how

646
00:48:43,291 --> 00:48:46,991
at what point did you think

647
00:48:46,991 --> 00:48:49,251
this is it like we are

648
00:48:49,251 --> 00:48:52,811
possibly looking

649
00:48:52,811 --> 00:48:55,371
at death directly in the face

650
00:48:55,371 --> 00:49:05,571
well there was a moment when i when i was uh below the deck um in the water in the water uh i'll

651
00:49:05,571 --> 00:49:13,071
that's i don't know how to describe that in english i will try sorry for my english but um

652
00:49:13,071 --> 00:49:21,851
when you are diving down holding the knife and it the waves are moving with you what happened

653
00:49:21,851 --> 00:49:26,951
that I saw that I'm being lifted up

654
00:49:26,951 --> 00:49:29,591
towards the deck from the bottom.

655
00:49:30,191 --> 00:49:31,651
And I wanted to protect my head,

656
00:49:31,751 --> 00:49:36,811
so I put my arm between the deck and myself.

657
00:49:37,751 --> 00:49:40,511
And actually, that was the moment

658
00:49:40,511 --> 00:49:42,631
when the knife ended up on my neck.

659
00:49:42,631 --> 00:49:45,651
But thanks God, the other side.

660
00:49:45,651 --> 00:49:51,791
that the sharp part of the knife

661
00:49:51,791 --> 00:49:54,931
was on the other side of my neck.

662
00:49:55,091 --> 00:49:57,751
So it kind of forced you to punch yourself in the neck

663
00:49:57,751 --> 00:49:59,491
with an open blade in your hand.

664
00:49:59,851 --> 00:50:01,711
And the open blade was...

665
00:50:01,711 --> 00:50:01,951
Yeah.

666
00:50:02,351 --> 00:50:03,411
Holy crap.

667
00:50:03,951 --> 00:50:05,231
And in that moment,

668
00:50:05,231 --> 00:50:09,711
I will not forget until the end of my life

669
00:50:09,711 --> 00:50:13,311
because in that millisecond,

670
00:50:14,191 --> 00:50:20,591
you see everything what will happen after you will die below the water because that

671
00:50:20,591 --> 00:50:28,831
that was i thought that actually i cut my neck uh and i immediately i actually realized there is no

672
00:50:28,831 --> 00:50:37,311
blood around me in the water so i was okay but but the thought was she up on the deck with the kids

673
00:50:37,311 --> 00:50:49,311
with a unusable boat um 150 nautical miles from the shore which is close to 300 kilometers

674
00:50:51,631 --> 00:51:01,871
nobody there um uh i i i don't want to imagine what would happen um but uh at that moment i

675
00:51:01,871 --> 00:51:13,951
said to myself hey you know what this is the end of the rodeo yeah um but but since then we are

676
00:51:13,951 --> 00:51:22,191
always talking about uh finishing the project and sometime in the future we will try again

677
00:51:23,071 --> 00:51:30,031
sail around without kids without kids that was right because that because it was our decision

678
00:51:30,031 --> 00:51:37,431
to take them it was not their decision and actually along the the sail we had we met many

679
00:51:37,431 --> 00:51:44,811
many adults with but older than us already with grown-up kids who were usually studying university

680
00:51:44,811 --> 00:51:49,471
or already having some first job and they were actually coming to visit their parents on the

681
00:51:49,471 --> 00:51:56,831
boat and we felt maybe we just went too soon maybe we need still some time maybe still do something

682
00:51:56,831 --> 00:52:10,317
back home and then we sail on the journey later So yeah we have it somewhere in the back of our heads that we would like to maybe get back since then actually

683
00:52:10,317 --> 00:52:12,397
we sold the boat we repaired it

684
00:52:12,397 --> 00:52:13,097
we sold it

685
00:52:13,097 --> 00:52:16,417
we haven't been on a sailing

686
00:52:16,417 --> 00:52:17,277
trip yet

687
00:52:17,277 --> 00:52:19,797
our kids actually it was not

688
00:52:19,797 --> 00:52:22,277
now we are making

689
00:52:22,277 --> 00:52:24,257
jokes about it but for the kids it was actually

690
00:52:24,257 --> 00:52:26,417
super difficult because they were

691
00:52:26,417 --> 00:52:28,237
small it was much harder

692
00:52:28,237 --> 00:52:29,777
for them to make fun

693
00:52:29,777 --> 00:52:36,777
you know to release the stress out of the experience somehow so like our son he was

694
00:52:36,777 --> 00:52:42,297
like very worried about us everywhere we were like we were passing the street he was worried

695
00:52:42,297 --> 00:52:47,377
about us like holding our hand like be careful of the cars and our daughter she was having some

696
00:52:47,377 --> 00:52:53,697
nightmares too like she was waking up at night because it was really not easy and I have to say

697
00:52:53,697 --> 00:52:59,757
all throughout the whole uh time you were trying to to solve the situation they were absolutely

698
00:52:59,757 --> 00:53:06,517
amazing they didn't ask anything uh we have this we taught them this throughout like since they

699
00:53:06,517 --> 00:53:12,137
were little on the boat anything happens they have to go into into the boat stay inside and wait

700
00:53:12,137 --> 00:53:18,597
there which they did uh greatly they i don't know how they managed the whole day we were working on

701
00:53:18,597 --> 00:53:24,097
the boat they didn't ask for food didn't ask for for for drink they didn't ask for anything i don't

702
00:53:24,097 --> 00:53:28,477
know what they were doing there but they just didn't come and they didn't create any problem

703
00:53:28,477 --> 00:53:34,697
to us overnight uh it was um yeah i'm sorry i'm if i will start to cry sorry because it's coming

704
00:53:34,697 --> 00:53:41,197
back to uh the memory so it's it's really still it's quite emotional but over the night um we were

705
00:53:41,197 --> 00:53:50,977
I was Michael was on the board signaling and I was inside with them and this was not that he had

706
00:53:50,977 --> 00:53:56,097
this strong moment with the knife I was having this where we are all in this light vest and I

707
00:53:56,097 --> 00:54:00,877
have I'm like holding their hands I have two backpacks next to me like one with personal

708
00:54:00,877 --> 00:54:07,357
belongings the other one with some basic stuff and I'm constantly like reviewing if we start

709
00:54:07,357 --> 00:54:13,517
sinking there is this uh life raft i just have to grab the kids grab the bags backpacks and just go

710
00:54:13,517 --> 00:54:19,797
there and manage all of us into this life wreck and that was like my like the scenario that was

711
00:54:19,797 --> 00:54:26,057
going through my mind the whole night in case the worst thing happened luckily i didn't have to do

712
00:54:26,057 --> 00:54:33,437
it it didn't happen but uh it was yeah uh we touched the bottom i have to say uh there the

713
00:54:33,437 --> 00:54:38,857
only trouble is we did it deliberately it was our own will right we went for the journey because we

714
00:54:38,857 --> 00:54:45,537
wanted uh to fulfill our dream so that's uh something we had to put up with that but we took

715
00:54:45,537 --> 00:54:52,057
it a bit maybe as a sign uh that kind of you know the i don't want to depends on what you believe

716
00:54:52,057 --> 00:54:59,897
if you believe on god or in karma or in some other like some other thing positive energy release so we

717
00:54:59,897 --> 00:55:02,037
felt we got our life

718
00:55:02,037 --> 00:55:04,077
back. We didn't die, so we should

719
00:55:04,077 --> 00:55:05,237
do something good

720
00:55:05,237 --> 00:55:07,937
to the society. No, I have to say

721
00:55:07,937 --> 00:55:09,337
that. Say it.

722
00:55:11,777 --> 00:55:13,977
Sorry, we don't give you much space for

723
00:55:13,977 --> 00:55:15,977
questions. No, that's great. Go

724
00:55:15,977 --> 00:55:17,857
ahead. Another idea.

725
00:55:18,137 --> 00:55:19,557
I said it out. Another idea.

726
00:55:19,777 --> 00:55:21,757
I said it out. Yeah, exactly.

727
00:55:22,757 --> 00:55:23,237
But

728
00:55:23,237 --> 00:55:25,197
we will get to Bitcoin.

729
00:55:25,797 --> 00:55:27,457
And you also said it.

730
00:55:27,457 --> 00:55:31,957
So now you see who is the influencer.

731
00:55:32,097 --> 00:55:32,937
I'm just the doer.

732
00:55:37,557 --> 00:55:39,037
She said, you know what?

733
00:55:39,097 --> 00:55:40,817
We've survived.

734
00:55:42,617 --> 00:55:45,437
What about to do something for good?

735
00:55:46,297 --> 00:55:50,297
To return back to the God that we are here.

736
00:55:50,297 --> 00:56:01,017
and the first idea was oh my god i will i will do some non-profit activity

737
00:56:01,017 --> 00:56:10,137
like it doesn't go with like my how to say your personality my personal

738
00:56:10,137 --> 00:56:19,637
I do things for good, but non-profit activity, that doesn't sound close to me.

739
00:56:20,237 --> 00:56:21,157
It doesn't ring the bell.

740
00:56:21,177 --> 00:56:22,297
It doesn't ring the bell, yeah.

741
00:56:23,977 --> 00:56:27,317
The second idea was, oh, you know what?

742
00:56:28,697 --> 00:56:32,377
I met in 2019 a presidential candidate.

743
00:56:32,377 --> 00:56:40,857
he didn't knew that he was going for the campaign

744
00:56:40,857 --> 00:56:43,157
back then in 2019.

745
00:56:44,377 --> 00:56:49,077
For the non-Czech listeners

746
00:56:49,077 --> 00:56:53,797
I have to mention that we had a president for 10 years

747
00:56:53,797 --> 00:57:01,617
from 2012 or 2013 until 2023

748
00:57:01,617 --> 00:57:03,897
whom was

749
00:57:03,897 --> 00:57:06,157
like a super

750
00:57:06,157 --> 00:57:06,617
idiot.

751
00:57:07,797 --> 00:57:09,237
Someone whom

752
00:57:09,237 --> 00:57:11,997
we were not proud of at

753
00:57:11,997 --> 00:57:12,497
all.

754
00:57:13,557 --> 00:57:14,797
Smart guy.

755
00:57:15,737 --> 00:57:17,737
But his behavior

756
00:57:17,737 --> 00:57:19,417
like

757
00:57:19,417 --> 00:57:21,437
He became

758
00:57:21,437 --> 00:57:22,217
pro-Russian.

759
00:57:22,657 --> 00:57:25,777
Pro-Russian doesn't have to be bad, but

760
00:57:25,777 --> 00:57:27,557
he was a Putin's kind of

761
00:57:27,557 --> 00:57:29,377
slave.

762
00:57:29,377 --> 00:57:32,797
and

763
00:57:32,797 --> 00:57:36,437
so with a friend of ours

764
00:57:36,437 --> 00:57:40,357
we actually found a person

765
00:57:40,357 --> 00:57:42,717
who might fit the need

766
00:57:42,717 --> 00:57:44,077
he was the

767
00:57:44,077 --> 00:57:46,297
how to say

768
00:57:46,297 --> 00:57:49,757
he was the highest soldier

769
00:57:49,757 --> 00:57:50,937
in NATO

770
00:57:50,937 --> 00:57:53,077
N-A-T-O

771
00:57:53,077 --> 00:57:54,297
and

772
00:57:54,297 --> 00:57:58,177
his mandate

773
00:57:58,177 --> 00:58:00,757
ended, I think,

774
00:58:01,077 --> 00:58:03,237
two years before, like 2017.

775
00:58:03,837 --> 00:58:04,257
And then

776
00:58:04,257 --> 00:58:06,997
he started having

777
00:58:06,997 --> 00:58:08,477
some public discussions, etc.

778
00:58:08,737 --> 00:58:11,137
And we've seen a talent

779
00:58:11,137 --> 00:58:13,277
of someone who attracts

780
00:58:13,277 --> 00:58:14,577
masses

781
00:58:14,577 --> 00:58:16,297
of people.

782
00:58:18,017 --> 00:58:18,337
So

783
00:58:18,337 --> 00:58:21,517
when we signed the deal with Publicis,

784
00:58:22,477 --> 00:58:25,377
a friend of ours

785
00:58:25,377 --> 00:58:27,057
approached me

786
00:58:27,057 --> 00:58:28,137
and he said, hey, you know what?

787
00:58:28,177 --> 00:58:34,897
Now we have a lot of time, of course. Let's do the presidential campaign.

788
00:58:36,257 --> 00:58:43,297
So for two years we were preparing some road shows or discussions all around Czech Republic.

789
00:58:44,737 --> 00:58:51,537
And then I said to the team, which was already built and some activities were happening, I said,

790
00:58:51,537 --> 00:59:03,057
you know what here is the team we are leaving to the sailing journey yeah and uh now now we are

791
00:59:03,057 --> 00:59:13,537
back uh on the shore saved on dominica republic it was uh it was march 2022 and that

792
00:59:13,537 --> 00:59:23,617
idea which she mentioned was let's do something for good i said you know what let's go back to

793
00:59:23,617 --> 00:59:32,497
and let's do the presidential campaign and uh so we came back she started to be the campaign leader

794
00:59:32,497 --> 00:59:42,957
manager like the the one running the show when i was doing the the fundraising and uh and uh after

795
00:59:42,957 --> 00:59:45,857
almost a year

796
00:59:45,857 --> 00:59:47,397
he became our president

797
00:59:47,397 --> 00:59:48,977
current president

798
00:59:48,977 --> 00:59:49,457
and

799
00:59:49,457 --> 00:59:53,697
we fulfilled

800
00:59:53,697 --> 00:59:56,017
the promise that we will

801
00:59:56,017 --> 00:59:57,277
do something for good

802
00:59:57,277 --> 00:59:59,757
for free

803
00:59:59,757 --> 01:00:00,737
for free

804
01:00:00,737 --> 01:00:03,697
and then

805
01:00:03,697 --> 01:00:04,817
we said

806
01:00:04,817 --> 01:00:07,777
end of politics

807
01:00:07,777 --> 01:00:09,237
we don't want to

808
01:00:09,237 --> 01:00:12,057
have nothing to do with it

809
01:00:12,057 --> 01:00:16,377
and let's go back to business

810
01:00:16,377 --> 01:00:18,317
so

811
01:00:18,317 --> 01:00:21,357
how has that

812
01:00:21,357 --> 01:00:23,257
changed the country

813
01:00:23,257 --> 01:00:24,557
so far?

814
01:00:24,917 --> 01:00:26,417
has he upheld promises?

815
01:00:26,617 --> 01:00:28,337
because this is the problem with politicians

816
01:00:28,337 --> 01:00:30,917
they say whatever they need to get voted in

817
01:00:30,917 --> 01:00:32,837
and then all of that falls away

818
01:00:32,837 --> 01:00:34,317
as soon as the rubber meets the road

819
01:00:34,317 --> 01:00:37,877
well you have to tell us

820
01:00:37,877 --> 01:00:40,457
you're observing us from

821
01:00:40,457 --> 01:00:41,317
abroad

822
01:00:41,317 --> 01:00:45,317
I hope something has changed

823
01:00:45,317 --> 01:00:48,177
I have to say

824
01:00:48,177 --> 01:00:51,937
I don't think we would go for any other political campaign

825
01:00:51,937 --> 01:00:55,537
because we have a direct voting

826
01:00:55,537 --> 01:00:57,277
for the president in the Czech Republic

827
01:00:57,277 --> 01:00:58,937
so people are voting directly

828
01:00:58,937 --> 01:01:01,417
so it's about one person

829
01:01:01,417 --> 01:01:05,337
which is very easy to research on the person

830
01:01:05,337 --> 01:01:06,477
to check his history

831
01:01:06,477 --> 01:01:09,697
to know if there are any problems

832
01:01:09,697 --> 01:01:11,557
with his past or her past.

833
01:01:12,297 --> 01:01:13,717
And we knew that this guy

834
01:01:13,717 --> 01:01:14,877
has tremendous credit.

835
01:01:15,857 --> 01:01:17,317
He used to be on some

836
01:01:17,317 --> 01:01:19,777
like, yeah,

837
01:01:19,977 --> 01:01:21,677
like, it was like

838
01:01:21,677 --> 01:01:23,157
foreign missions as well.

839
01:01:23,817 --> 01:01:25,437
He got even some rewards

840
01:01:25,437 --> 01:01:26,537
for that.

841
01:01:26,897 --> 01:01:29,537
French cross

842
01:01:29,537 --> 01:01:31,077
for saving some soldiers.

843
01:01:31,297 --> 01:01:32,897
And actually, it was almost like reading

844
01:01:32,897 --> 01:01:35,377
a novel of some hero, right?

845
01:01:35,537 --> 01:01:36,837
Which was even surprising.

846
01:01:36,837 --> 01:01:38,157
And then we

847
01:01:38,157 --> 01:01:40,997
Michael knew him before

848
01:01:40,997 --> 01:01:43,157
and when I met him and the more time

849
01:01:43,157 --> 01:01:44,817
I spent with him I realized that

850
01:01:44,817 --> 01:01:46,737
he's actually surprisingly

851
01:01:46,737 --> 01:01:49,137
for the political environment

852
01:01:49,137 --> 01:01:51,317
he's a guy with very solid values

853
01:01:51,317 --> 01:01:53,117
and if he basically doesn't want to do

854
01:01:53,117 --> 01:01:54,297
something he will not do it

855
01:01:54,297 --> 01:01:57,217
which was actually for the campaign

856
01:01:57,217 --> 01:01:59,117
it's actually not that good because

857
01:01:59,117 --> 01:02:01,377
you can't just tell him do this do that

858
01:02:01,377 --> 01:02:03,237
or you know just start doing this because

859
01:02:03,237 --> 01:02:04,157
people will like it

860
01:02:04,157 --> 01:02:06,377
but for the

861
01:02:06,377 --> 01:02:11,377
for the later part of his career,

862
01:02:11,377 --> 01:02:13,377
for becoming the politician,

863
01:02:13,377 --> 01:02:15,377
actually, it's actually great.

864
01:02:15,377 --> 01:02:16,377
And when I see it,

865
01:02:16,377 --> 01:02:19,377
and I'm now consuming his activities

866
01:02:19,377 --> 01:02:21,377
more like as a daily,

867
01:02:21,377 --> 01:02:23,377
like everyday citizen,

868
01:02:23,377 --> 01:02:36,763
because we no more at the Prague Castle I can see that he still committing to the same values he had and he will the fact that he can do many things now he will not misuse it

869
01:02:37,203 --> 01:02:41,323
That was actually very important for us. That's why we decided we can do this.

870
01:02:42,143 --> 01:02:48,143
We probably would not be able to do this for political party, etc. But yeah, he's a great guy.

871
01:02:48,923 --> 01:02:50,163
This is Peter Pavel.

872
01:02:50,163 --> 01:02:53,363
Pavel, yes, it's Peter Pavel.

873
01:02:53,363 --> 01:03:00,443
and is there a bitcoin connection there anywhere well he got the book to study

874
01:03:00,443 --> 01:03:10,983
and he signed the law in czech republic quite quite awaited one regarding the taxation of the

875
01:03:10,983 --> 01:03:17,903
crypto assets in general so i have to say that the environment is good i don't think he has that

876
01:03:17,903 --> 01:03:19,703
much time to study it more deeper.

877
01:03:20,903 --> 01:03:21,943
But I think

878
01:03:21,943 --> 01:03:23,263
he mentioned once that if

879
01:03:23,263 --> 01:03:25,943
our family is in

880
01:03:25,943 --> 01:03:27,643
Bitcoin, he's not worried that it will

881
01:03:27,643 --> 01:03:28,583
go far.

882
01:03:30,643 --> 01:03:31,983
Yeah, that's

883
01:03:31,983 --> 01:03:34,043
true. Where did you guys find

884
01:03:34,043 --> 01:03:35,963
Bitcoin then throughout this

885
01:03:35,963 --> 01:03:37,943
whole thing? Pre the sailing trip?

886
01:03:38,163 --> 01:03:39,183
During? After?

887
01:03:41,043 --> 01:03:42,023
I remember

888
01:03:42,023 --> 01:03:42,963
my CFO

889
01:03:42,963 --> 01:03:46,043
in 2016, he came to

890
01:03:46,043 --> 01:03:50,423
me and he said, you know what, you should buy some Bitcoin. I was like, what is that?

891
01:03:53,683 --> 01:04:01,923
And because, you know, there were a lot of other, how to say, like digital credits before

892
01:04:01,923 --> 01:04:08,703
used for some purchases, et cetera. Right. So I was like, it's just another one. I didn't

893
01:04:08,703 --> 01:04:09,783
have time back then

894
01:04:09,783 --> 01:04:12,103
to study that much.

895
01:04:12,803 --> 01:04:13,843
I listened to him.

896
01:04:14,583 --> 01:04:16,103
I bought 10 pieces,

897
01:04:16,483 --> 01:04:17,223
10 bitcoins.

898
01:04:20,463 --> 01:04:20,783
And then

899
01:04:20,783 --> 01:04:22,503
I said

900
01:04:22,503 --> 01:04:26,483
a few months after

901
01:04:26,483 --> 01:04:28,443
I said, it's some kind of a joke.

902
01:04:28,963 --> 01:04:30,303
So I sold it.

903
01:04:31,143 --> 01:04:32,043
I made

904
01:04:32,043 --> 01:04:34,743
10% profit

905
01:04:34,743 --> 01:04:35,163
on it.

906
01:04:38,703 --> 01:04:40,623
What a winner.

907
01:04:45,623 --> 01:04:58,183
And then when we sold the business and I had, of course, when you get some money, you get a problem.

908
01:04:58,183 --> 01:05:01,223
it's a different kind of problem of course

909
01:05:01,223 --> 01:05:02,343
but

910
01:05:02,343 --> 01:05:05,283
I always say

911
01:05:05,283 --> 01:05:08,943
when the money stays

912
01:05:08,943 --> 01:05:10,643
on your account

913
01:05:10,643 --> 01:05:13,323
they start

914
01:05:13,323 --> 01:05:13,863
rotting

915
01:05:13,863 --> 01:05:15,863
they start disappearing

916
01:05:15,863 --> 01:05:17,303
the value starts

917
01:05:17,303 --> 01:05:17,803
and then

918
01:05:17,803 --> 01:05:21,243
I started

919
01:05:21,243 --> 01:05:24,203
I hope to say

920
01:05:24,203 --> 01:05:26,623
different investments

921
01:05:26,623 --> 01:05:29,063
real estate

922
01:05:29,063 --> 01:05:30,403
diversifying

923
01:05:30,403 --> 01:05:32,903
diversification exactly

924
01:05:32,903 --> 01:05:35,703
and some wealth managers

925
01:05:35,703 --> 01:05:36,923
etc

926
01:05:36,923 --> 01:05:38,163
and

927
01:05:38,163 --> 01:05:41,343
of course in 2020

928
01:05:41,343 --> 01:05:42,343
COVID came

929
01:05:42,343 --> 01:05:44,583
and then

930
01:05:44,583 --> 01:05:47,343
everybody knew when there is a

931
01:05:47,343 --> 01:05:48,623
printing machine running

932
01:05:48,623 --> 01:05:50,363
the inflation will come and

933
01:05:50,363 --> 01:05:52,583
it brought me back to Bitcoin

934
01:05:52,583 --> 01:05:55,223
actually not in the COVID

935
01:05:55,223 --> 01:06:09,103
time I think before and and so I started to believe but it was still not main

936
01:06:09,103 --> 01:06:16,663
main part of my focus we are quite heavily in real estate

937
01:06:16,663 --> 01:06:30,163
investments we are changing plans and we are preparing one let's say like no no I

938
01:06:30,163 --> 01:06:44,383
mean the city comes water water water in Prague and and and actually Bitcoin is

939
01:06:44,383 --> 01:06:53,583
like our main focus right now in terms of activities but portfolio wise not there yet

940
01:06:58,303 --> 01:07:04,383
yeah well i actually lost my uh my you get to bitcoin i will tell you guys uh

941
01:07:06,463 --> 01:07:13,983
tell me how how it was from my chair yes okay he comes home one night and he's just gone crazy

942
01:07:14,383 --> 01:07:18,103
But kind of quite similar.

943
01:07:18,443 --> 01:07:18,563
Okay.

944
01:07:19,703 --> 01:07:27,123
We have pushed part of the portfolio into like indexed financial products in S&P 500.

945
01:07:27,723 --> 01:07:34,303
So I was watching Bloomberg for like half a year all the time at home and various other reports.

946
01:07:34,623 --> 01:07:36,683
And he was coming to me like all the time.

947
01:07:37,023 --> 01:07:38,823
Look at what this stock exchange is doing.

948
01:07:39,283 --> 01:07:43,303
Kids were looking into his mobile and the evening they said, okay, it's green.

949
01:07:43,303 --> 01:07:49,143
so the stock exchange is good oh it's red it's a bad evening tonight so this is how it looked like

950
01:07:49,143 --> 01:07:57,143
for some time at our home and then uh exactly inflation the the maybe overheated markets and

951
01:07:57,143 --> 01:08:04,123
actually michael went quite deep was studying it a lot uh he even uh set it up one company uh around

952
01:08:04,123 --> 01:08:10,683
smp 500 investments but that's not the topic and then he started coming with bitcoin that actually

953
01:08:10,683 --> 01:08:14,143
it can be another interesting part of the portfolio.

954
01:08:14,503 --> 01:08:16,163
It's actually a great invention.

955
01:08:16,883 --> 01:08:20,283
We see it more as a store of value rather than like a means of payment.

956
01:08:20,403 --> 01:08:22,723
We are coming to Bitcoin from this part.

957
01:08:23,543 --> 01:08:27,563
And he was coming so long that I started to study it too.

958
01:08:28,243 --> 01:08:33,723
I had also some previous experience before, but again, as him, I put it aside.

959
01:08:33,923 --> 01:08:39,023
So I started studying it and I realized that it's actually a great invention.

960
01:08:39,023 --> 01:08:40,923
it's quite technical for me

961
01:08:40,923 --> 01:08:42,363
I'm not that

962
01:08:42,363 --> 01:08:44,383
I don't feel that

963
01:08:44,383 --> 01:08:47,023
skilled but

964
01:08:47,023 --> 01:08:48,183
in terms of the philosophy

965
01:08:48,183 --> 01:08:50,423
in terms of

966
01:08:50,423 --> 01:08:53,123
the history and how it was

967
01:08:53,123 --> 01:08:54,203
created I just realized

968
01:08:54,203 --> 01:08:56,663
it's wonderful, it's great

969
01:08:56,663 --> 01:08:58,343
and I probably said it

970
01:08:58,343 --> 01:09:00,943
I can't believe I said it, I probably said let's do something

971
01:09:00,943 --> 01:09:01,563
around Bitcoin

972
01:09:01,563 --> 01:09:05,303
I did not realize

973
01:09:05,303 --> 01:09:06,103
that again

974
01:09:06,103 --> 01:09:14,603
So now she's heavily in management role again.

975
01:09:14,603 --> 01:09:19,123
She's CEO of Inviti, which is part of Satoshi Labs.

976
01:09:20,903 --> 01:09:24,923
Their main product is hardware wallet Trezor.

977
01:09:25,183 --> 01:09:26,323
But I have to say one thing.

978
01:09:26,463 --> 01:09:29,223
This is how my husband is fulfilling my wishes.

979
01:09:29,403 --> 01:09:31,723
I just said, let's do something around Bitcoin.

980
01:09:31,883 --> 01:09:35,423
And he met guys from Satoshi Labs and bought half of the company.

981
01:09:35,423 --> 01:09:40,903
No small tasks.

982
01:09:41,703 --> 01:09:43,423
Yeah, that's amazing.

983
01:09:43,823 --> 01:09:44,423
It's a mission.

984
01:09:44,943 --> 01:09:45,843
It's a mission.

985
01:09:46,843 --> 01:09:51,443
So, Inviti, that's the project that you guys have launched.

986
01:09:53,183 --> 01:09:58,923
Yeah, let's let everybody know what it is, how it works, and what your vision is.

987
01:10:00,363 --> 01:10:00,923
Okay, good.

988
01:10:00,923 --> 01:10:04,183
So, Inviti is part of Satoshi Labs.

989
01:10:04,183 --> 01:10:06,103
it's a mobile app

990
01:10:06,103 --> 01:10:08,383
that's the vision for

991
01:10:08,383 --> 01:10:10,323
that is to become like a Bitcoin

992
01:10:10,323 --> 01:10:11,263
neobank

993
01:10:11,263 --> 01:10:14,283
offering people easy

994
01:10:14,283 --> 01:10:16,683
buy, sell, some investment products

995
01:10:16,683 --> 01:10:17,883
invent strategies

996
01:10:17,883 --> 01:10:19,563
some

997
01:10:19,563 --> 01:10:21,883
staking products as well

998
01:10:21,883 --> 01:10:24,723
so that's the goal

999
01:10:24,723 --> 01:10:26,443
we realized that we are entering

1000
01:10:26,443 --> 01:10:28,103
the market in the period

1001
01:10:28,103 --> 01:10:30,603
where if you want to do business

1002
01:10:30,603 --> 01:10:32,403
in crypto in Europe you need to be

1003
01:10:32,403 --> 01:10:33,943
licensed so we

1004
01:10:33,943 --> 01:10:35,003
passed this

1005
01:10:35,003 --> 01:10:37,863
over a year long procedure

1006
01:10:37,863 --> 01:10:39,683
to get the

1007
01:10:39,683 --> 01:10:42,283
Mika license so it became

1008
01:10:42,283 --> 01:10:43,943
the Casp company

1009
01:10:43,943 --> 01:10:45,383
which is a big step

1010
01:10:45,383 --> 01:10:48,123
I think it's a big change in the European

1011
01:10:48,123 --> 01:10:49,643
Union as well

1012
01:10:49,643 --> 01:10:51,923
I think it has pros and cons but

1013
01:10:51,923 --> 01:10:53,363
that's another topic

1014
01:10:53,363 --> 01:10:56,063
so we are happy we can operate

1015
01:10:56,063 --> 01:10:58,063
in the European market now officially

1016
01:10:58,063 --> 01:10:59,623
and

1017
01:10:59,623 --> 01:11:01,763
yeah

1018
01:11:01,763 --> 01:11:04,603
Our goal is now to bring new users in.

1019
01:11:05,423 --> 01:11:09,683
I love the mission that I want to have the orange pill,

1020
01:11:10,363 --> 01:11:11,163
the European Union.

1021
01:11:11,343 --> 01:11:13,183
So I believe that everybody should have,

1022
01:11:13,243 --> 01:11:15,803
should have a piece of Bitcoin in their portfolio.

1023
01:11:15,803 --> 01:11:18,603
And it doesn't matter if you're like, I don't know,

1024
01:11:18,643 --> 01:11:21,643
if you just have your first job and you can put aside a little,

1025
01:11:21,643 --> 01:11:25,783
or if you're like a big entrepreneur who already has big portfolio.

1026
01:11:25,783 --> 01:11:27,103
I think that's great.

1027
01:11:27,203 --> 01:11:29,383
One of the great things about Bitcoin, it's for everybody.

1028
01:11:29,383 --> 01:11:31,983
and that's the goal for

1029
01:11:31,983 --> 01:11:33,703
our app now to

1030
01:11:33,703 --> 01:11:36,383
get new users, spread the word

1031
01:11:36,383 --> 01:11:38,363
of Bitcoin, make it easy to access

1032
01:11:38,363 --> 01:11:40,163
make it easy to buy

1033
01:11:40,163 --> 01:11:41,723
and to develop your

1034
01:11:41,723 --> 01:11:44,163
understanding of this great

1035
01:11:44,163 --> 01:11:44,643
invention

1036
01:11:44,643 --> 01:11:47,203
it's covering

1037
01:11:47,203 --> 01:11:50,543
we always say full family life cycle

1038
01:11:50,543 --> 01:11:52,463
covering all the needs of

1039
01:11:52,463 --> 01:11:55,143
family members

1040
01:11:55,143 --> 01:11:56,803
so we are actually

1041
01:11:56,803 --> 01:11:58,963
designing it for ourselves

1042
01:11:58,963 --> 01:12:09,503
like for my mom, our kids, our investment needs or just savings.

1043
01:12:11,883 --> 01:12:17,883
And what is also good here in this country,

1044
01:12:18,443 --> 01:12:23,003
that right now we have a Czech National Bank governor,

1045
01:12:23,243 --> 01:12:28,263
Aleš Michal, also very heavily pro Bitcoin.

1046
01:12:28,963 --> 01:12:31,783
he made the announcement didn't he just recently

1047
01:12:31,783 --> 01:12:33,363
that a million dollars or a million

1048
01:12:33,363 --> 01:12:34,543
yeah exactly

1049
01:12:34,543 --> 01:12:37,243
I'm afraid it was less

1050
01:12:37,243 --> 01:12:39,303
what they did

1051
01:12:39,303 --> 01:12:41,483
I just had a dinner

1052
01:12:41,483 --> 01:12:42,543
last week with him

1053
01:12:42,543 --> 01:12:45,063
they did a testing portfolio

1054
01:12:45,063 --> 01:12:46,983
of one million dollars

1055
01:12:46,983 --> 01:12:47,683
that's true

1056
01:12:47,683 --> 01:13:01,689
but there are mainly Bitcoin I don know how many pieces plus some Ethereum and they bought

1057
01:13:01,689 --> 01:13:07,209
also Sailor strategy.

1058
01:13:07,209 --> 01:13:19,609
But why they did it with such a small amount for Czech National Bank, it's a testing portfolio.

1059
01:13:19,609 --> 01:13:27,849
a process of convincing the other board members and the public of course um but now he is going

1060
01:13:27,849 --> 01:13:38,409
to have a speech at uh btc event in las vegas so i don't know if he is going to be before or after

1061
01:13:38,409 --> 01:13:39,209
Michael Saylor.

1062
01:13:40,549 --> 01:13:41,269
So

1063
01:13:41,269 --> 01:13:43,469
it became his topic.

1064
01:13:45,289 --> 01:13:46,349
Of course,

1065
01:13:47,469 --> 01:13:48,469
he isn't

1066
01:13:49,889 --> 01:13:50,349
that

1067
01:13:50,349 --> 01:13:52,309
popular in the

1068
01:13:52,309 --> 01:13:53,969
European Central Bank.

1069
01:13:54,629 --> 01:13:56,349
I had a question about that, because

1070
01:13:56,349 --> 01:13:58,389
I can't remember if I had a rumor

1071
01:13:58,389 --> 01:14:00,209
or if I read something that

1072
01:14:00,209 --> 01:14:02,369
Lagarde was very

1073
01:14:02,369 --> 01:14:04,569
unimpressed, let's

1074
01:14:04,569 --> 01:14:06,189
say, with the announcement.

1075
01:14:06,189 --> 01:14:06,889
Yeah.

1076
01:14:06,889 --> 01:14:15,069
Yeah, he was, when he mentioned that to me, he was very polite.

1077
01:14:16,069 --> 01:14:20,869
He wasn't, I can't imagine how the call looked like.

1078
01:14:22,249 --> 01:14:24,869
But I remind you, was he contacted?

1079
01:14:25,869 --> 01:14:26,169
Yeah.

1080
01:14:26,589 --> 01:14:29,209
Directly by her or from the ECB?

1081
01:14:29,629 --> 01:14:30,489
By her.

1082
01:14:31,089 --> 01:14:31,549
Wow.

1083
01:14:31,549 --> 01:14:32,849
Oh, yeah.

1084
01:14:34,729 --> 01:14:35,669
Hold on, Christine.

1085
01:14:37,049 --> 01:14:38,089
It's happening.

1086
01:14:38,689 --> 01:14:40,309
Of course, from the

1087
01:14:40,309 --> 01:14:43,169
Central Bank or European

1088
01:14:43,169 --> 01:14:45,329
Central Bank point of view, I understand

1089
01:14:45,329 --> 01:14:47,429
that they

1090
01:14:47,429 --> 01:14:49,189
need unity.

1091
01:14:49,189 --> 01:14:50,529
Unity, of course.

1092
01:14:52,249 --> 01:14:53,209
On the other side,

1093
01:14:53,549 --> 01:14:55,029
for the listeners, you know,

1094
01:14:55,109 --> 01:14:57,069
Czech Republic, we are

1095
01:14:57,069 --> 01:14:58,849
still having our own currency.

1096
01:14:59,409 --> 01:14:59,909
Czech Republic.

1097
01:15:01,549 --> 01:15:10,349
uh so we are not uh in the euro zone you know not yet um of course for the business

1098
01:15:10,349 --> 01:15:18,909
sometime you know we are pushing to have to accept euro uh but it has also some advantages

1099
01:15:19,789 --> 01:15:27,309
like um having a bitcoin in our currency reserves so there is a little autonomy there for uh for

1100
01:15:27,309 --> 01:15:28,329
for him to do that then.

1101
01:15:28,689 --> 01:15:30,169
That's awesome.

1102
01:15:30,169 --> 01:15:30,729
Exactly.

1103
01:15:33,609 --> 01:15:38,429
There are also other people

1104
01:15:38,429 --> 01:15:41,129
in the parliament.

1105
01:15:41,849 --> 01:15:42,969
For example, next week

1106
01:15:42,969 --> 01:15:44,029
there will be a meeting

1107
01:15:44,029 --> 01:15:48,229
with an ICT board

1108
01:15:48,229 --> 01:15:49,529
within parliament.

1109
01:15:51,229 --> 01:15:52,309
They are asking

1110
01:15:52,309 --> 01:15:54,589
MICA licensed companies

1111
01:15:54,589 --> 01:16:03,509
how to improve the law etc so there is a movement happening well how difficult was that mica license

1112
01:16:03,509 --> 01:16:09,029
because i had julian linegar on from relay and they're based in switzerland and they've been

1113
01:16:09,029 --> 01:16:13,829
around relay have been around for many many years in the you know in this space they're very well

1114
01:16:13,829 --> 01:16:23,069
known it took them so long and it was so costly and it was just like bureaucracy after bureaucracy

1115
01:16:23,069 --> 01:16:24,009
are the bureaucracy.

1116
01:16:24,169 --> 01:16:25,329
They would send it all in

1117
01:16:25,329 --> 01:16:26,649
and then it would come back

1118
01:16:26,649 --> 01:16:27,689
and it would all be crossed through.

1119
01:16:27,789 --> 01:16:28,829
Now you've got to change this.

1120
01:16:29,229 --> 01:16:30,089
So they'd change it

1121
01:16:30,089 --> 01:16:31,269
and then send it back in.

1122
01:16:31,289 --> 01:16:32,529
But then someone else would read it

1123
01:16:32,529 --> 01:16:34,469
and they've got to have their little,

1124
01:16:34,689 --> 01:16:34,869
you know,

1125
01:16:34,889 --> 01:16:36,469
they've got to validate their position.

1126
01:16:36,469 --> 01:16:37,989
So they'll cross shit through

1127
01:16:37,989 --> 01:16:38,969
and then send it back.

1128
01:16:39,409 --> 01:16:40,889
Were you experiencing the same problem?

1129
01:16:41,489 --> 01:16:42,609
Well, Pavlo will cover that

1130
01:16:42,609 --> 01:16:45,049
before I have to mention one thing.

1131
01:16:45,469 --> 01:16:47,629
Czech National Bank received

1132
01:16:47,629 --> 01:16:52,029
248 applications.

1133
01:16:53,069 --> 01:17:01,709
If my information is right, in Germany there were 10 to 20 applicants.

1134
01:17:02,349 --> 01:17:05,049
In Slovakia there were 6 or 8.

1135
01:17:05,829 --> 01:17:11,909
But Czech Republic, most probably thanks to main two factors,

1136
01:17:12,309 --> 01:17:16,129
which I see is reputation of Satoshi Labs and Trezor,

1137
01:17:17,289 --> 01:17:22,609
also brains, the mining pool,

1138
01:17:23,069 --> 01:17:32,269
And our governor did a huge PR in Financial Times a year ago.

1139
01:17:33,629 --> 01:17:41,109
And that was probably the effect why there were so many applications.

1140
01:17:41,949 --> 01:17:48,189
Out of those 248, only six companies received that?

1141
01:17:48,189 --> 01:17:49,529
The first batch, six companies.

1142
01:17:49,769 --> 01:17:52,029
Maybe a few are coming, but we don't know.

1143
01:17:52,029 --> 01:17:53,709
Yeah, and the process.

1144
01:17:54,069 --> 01:18:00,649
Yeah, well, we joined Inviti when they were already in the middle of the application process.

1145
01:18:01,129 --> 01:18:05,849
But I can only confirm that it's a huge bureaucracy.

1146
01:18:07,009 --> 01:18:12,069
What Czech bankers told us, because we are talking to Czech banks, discussing some cooperation,

1147
01:18:12,189 --> 01:18:17,149
they told us, oh, this Mikhaila, that was meant for us so we can go into crypto business.

1148
01:18:17,329 --> 01:18:18,989
That's why it's so difficult for you.

1149
01:18:18,989 --> 01:18:20,949
But for us, it's like a piece of cake.

1150
01:18:20,949 --> 01:18:23,709
That's what bankers are having jokes about.

1151
01:18:24,969 --> 01:18:29,369
And actually, when we went through the process, I actually can confirm,

1152
01:18:29,689 --> 01:18:35,129
because you have to basically have to create process for everything.

1153
01:18:35,509 --> 01:18:37,229
Everything has to be monitored.

1154
01:18:37,549 --> 01:18:40,849
Everything has to be archived.

1155
01:18:41,809 --> 01:18:46,449
Any small change like you would probably be able to do as a startup

1156
01:18:46,449 --> 01:18:50,449
or some new company relatively simply,

1157
01:18:50,949 --> 01:18:57,109
easily and with little cost suddenly is now moving into much bigger project.

1158
01:18:57,909 --> 01:19:03,189
I know that the application we submitted, the first application had over 3000 pages.

1159
01:19:03,749 --> 01:19:10,549
So you can imagine how much time internally of the people, how much legal external work,

1160
01:19:10,549 --> 01:19:16,469
how much money we have to spend to create this, to map the processes. And then of course,

1161
01:19:16,469 --> 01:19:22,829
that's the second part of the fun now uh i think everybody who got the license is expecting that

1162
01:19:22,829 --> 01:19:29,089
their the national bank where they applied might come at some point to do some check for sure yeah

1163
01:19:29,089 --> 01:19:36,569
you have to start reporting to the national bank uh and all this so one thing is the process it took

1164
01:19:36,569 --> 01:19:45,369
i think year and a half uh to inviti uh to be able to submit uh few new positions were created so

1165
01:19:45,369 --> 01:19:52,489
your people costs increased i think we like four new positions uh i'm not mentioning the the extra

1166
01:19:52,489 --> 01:19:59,469
work the current uh people have to do like from cto to developers to product managers to marketing

1167
01:19:59,469 --> 01:20:07,669
as well basically so um it's uh it's i think it's it's it created a huge barrier entry to the market

1168
01:20:07,669 --> 01:20:15,029
now in union i think it i cannot imagine that you just go and start a company with that um so

1169
01:20:15,029 --> 01:20:22,109
that's tough however what we realized when once we applied for this and we are now like putting

1170
01:20:22,109 --> 01:20:29,249
the processes uh like in in alignment with the procedures of national bank it's much easier for

1171
01:20:29,249 --> 01:20:34,869
us to apply for any other license financial license basically so this is what we have decided

1172
01:20:34,869 --> 01:20:40,629
that we will go for another licenses to be able to, let's say,

1173
01:20:40,729 --> 01:20:46,689
serve a fuller cycle of the service when you have the services of buying,

1174
01:20:46,849 --> 01:20:50,389
selling and some advanced strategies and you want to do some business

1175
01:20:50,389 --> 01:20:53,589
or you do business accounts, you want to do business loans

1176
01:20:53,589 --> 01:20:57,449
or current loans, et cetera, so that we are able to absorb

1177
01:20:57,449 --> 01:21:00,069
as much as possible by ourselves, by the company,

1178
01:21:00,069 --> 01:21:04,069
and not to have third-party contracts or suppliers.

1179
01:21:04,069 --> 01:21:20,069
So this is the good part. I think maybe if I try to be positive and I look at it from the end user perspective, I think and I hope it will bring a broader adoption by the general public that it has a stamp of a national bank, of a European Union.

1180
01:21:20,069 --> 01:21:24,569
maybe the Bitcoin is not this kind of like darky, creepy thing.

1181
01:21:24,769 --> 01:21:28,209
Probably it's something that is a mass topic,

1182
01:21:28,409 --> 01:21:30,169
which that would be great if this would happen.

1183
01:21:30,889 --> 01:21:35,829
We expected that the adoption will be faster in terms of like,

1184
01:21:35,949 --> 01:21:39,809
and this is what I was surprised when I entered the crypto business in general.

1185
01:21:40,429 --> 01:21:44,329
To open a standard bank account and to operate as a company,

1186
01:21:44,329 --> 01:21:45,309
it's super difficult.

1187
01:21:45,489 --> 01:21:49,029
You have to go to really like different providers, not standard banks.

1188
01:21:49,029 --> 01:21:53,989
for them the crypto is like don't touch and it's still quite complicated even we got the paper

1189
01:21:54,709 --> 01:22:00,469
uh for the advertising platforms uh to have a google account we are inviti was not able to

1190
01:22:00,469 --> 01:22:06,149
now finally we got the license so we are able to start advertising standardly so these kind

1191
01:22:06,149 --> 01:22:13,429
of things are good but i think i see it will still take some time uh for uh for adoption and what is

1192
01:22:13,429 --> 01:22:19,509
happening when we talk to the banks uh they are all of them all major banks in the czech republic

1193
01:22:19,509 --> 01:22:26,229
are considering to introduce at least some closed loop for bitcoin purchases or some other other

1194
01:22:26,229 --> 01:22:34,229
cryptocurrencies to test it and to and to develop further so uh i think uh in terms of bitcoin

1195
01:22:34,229 --> 01:22:40,229
adoption i think it's great uh because it will be much more accessible in terms of the innovation i

1196
01:22:40,229 --> 01:22:44,249
I think it would be very hard because big banks will not be innovative.

1197
01:22:44,649 --> 01:22:49,969
It would have to be more like companies like us or some other across Europe

1198
01:22:49,969 --> 01:22:55,549
who will be bringing innovative products to like challenge the status quo

1199
01:22:55,549 --> 01:22:56,989
of just buy, sell Bitcoin.

1200
01:22:57,449 --> 01:23:02,249
Because this is, we actually have a bit of like kind of fiat approach to Bitcoin.

1201
01:23:02,389 --> 01:23:04,029
This is what our colleagues are telling us.

1202
01:23:04,029 --> 01:23:06,889
So you stack Bitcoin, but then it sits there, right?

1203
01:23:07,009 --> 01:23:08,589
And I know it's meant to sit there.

1204
01:23:08,589 --> 01:23:16,289
On the other hand, if you look at your investment portfolio, Bitcoin being part of it, we believe that you can do actually even more than just stacking.

1205
01:23:16,469 --> 01:23:19,889
You can probably use it for some.

1206
01:23:19,915 --> 01:23:25,115
leverage, you can use it for some tokenized products, etc.

1207
01:23:25,295 --> 01:23:31,315
So this is where we see the future to be innovative and not just to do the traditional buy and

1208
01:23:31,315 --> 01:23:31,535
sell.

1209
01:23:31,935 --> 01:23:34,415
This is what we would like to bring to the users.

1210
01:23:35,515 --> 01:23:46,055
Because the old claim of Warren Buffett, why he didn't like gold, because it sits and doesn't

1211
01:23:46,055 --> 01:23:46,975
pay any dividend.

1212
01:23:47,815 --> 01:23:49,395
What was happening to Bitcoin?

1213
01:23:49,915 --> 01:23:55,795
If Bitcoin will sit at the levels where it sits right now,

1214
01:23:56,135 --> 01:23:59,935
because if you look at it from the perspective of last two years,

1215
01:24:00,195 --> 01:24:03,635
there is no like a small gain, right?

1216
01:24:04,455 --> 01:24:06,615
Or value increase.

1217
01:24:08,275 --> 01:24:14,535
So, and as the adoption of Bitcoin is rising into the masses

1218
01:24:14,535 --> 01:24:18,075
or like a retail public,

1219
01:24:18,075 --> 01:24:25,015
then this question will be definitely more and more common.

1220
01:24:25,015 --> 01:24:33,915
Is it just a store of value or is it an underlying asset for other investments?

1221
01:24:37,755 --> 01:24:44,275
Pavla mentioned, because we've established another company,

1222
01:24:44,275 --> 01:24:45,675
which is called Next Wealth.

1223
01:24:46,635 --> 01:24:50,275
And it's just 30 friends of mine

1224
01:24:50,275 --> 01:24:54,415
whom we are maintaining their wealth

1225
01:24:54,415 --> 01:24:58,315
in Switzerland within the big banks

1226
01:24:58,315 --> 01:24:59,495
like UBS, et cetera.

1227
01:25:00,615 --> 01:25:05,415
And so I have actually direct exposure

1228
01:25:05,415 --> 01:25:07,975
to other people,

1229
01:25:08,335 --> 01:25:11,895
how they are changing their perspective

1230
01:25:11,895 --> 01:25:13,955
regarding investments.

1231
01:25:14,275 --> 01:25:25,275
And two-thirds out of those guys are actually considering that Bitcoin is interesting.

1232
01:25:25,795 --> 01:25:27,895
Everybody has to have it.

1233
01:25:29,135 --> 01:25:31,215
But what to do with it?

1234
01:25:31,675 --> 01:25:40,975
Like, it's a pure digital, boring gold, which is great.

1235
01:25:40,975 --> 01:25:48,415
but on the other side there has to be some other products which are safe for the for the customer

1236
01:25:48,415 --> 01:25:57,695
but to be able to multiply the gains as pavla mentioned like other other forms of investments

1237
01:25:59,935 --> 01:26:09,695
well um so if we just back up back to ebiti so when it looks from the the ux side if somebody can

1238
01:26:09,695 --> 01:26:15,375
download the app it's across europe yeah yes you can download the app from across europe then you've

1239
01:26:15,375 --> 01:26:22,335
got the service you can buy bitcoin you can buy you can sell uh we have this uh auto send to a

1240
01:26:22,335 --> 01:26:28,655
hardware wallet so we can provide custody to you but of course we prefer you send it to your hardware

1241
01:26:28,655 --> 01:26:35,455
wallet or wherever you want and then we have uh strategies we have simple one where the traditional

1242
01:26:35,455 --> 01:26:42,495
dca uh to two more advanced and actually uh we have business accounts too so you can buy not as

1243
01:26:42,495 --> 01:26:49,135
an individual but also as a as a like entrepreneur and uh actually we have this product which we uh

1244
01:26:49,135 --> 01:26:56,255
launched uh last year uh autumn and it's actually triggering a lot of emotions but also new users

1245
01:26:56,255 --> 01:27:05,775
it's called turbo buy and uh i can't buy buy basically you're sticking faster uh so you set

1246
01:27:05,775 --> 01:27:14,575
up this automatic automated uh buy and you set up this turbo and we are buying 60 of what you are

1247
01:27:14,575 --> 01:27:21,455
regular what's your regular investment so you're kind of operating with that that across the time

1248
01:27:21,455 --> 01:27:23,115
the Bitcoin price goes up,

1249
01:27:23,475 --> 01:27:26,515
but you can buy already now 60% extra

1250
01:27:26,515 --> 01:27:27,655
using our capital.

1251
01:27:27,975 --> 01:27:29,355
You pay some premium for that

1252
01:27:29,355 --> 01:27:31,675
and you can terminate whenever you want.

1253
01:27:32,455 --> 01:27:35,075
And I'm surprised how many users set it up

1254
01:27:35,075 --> 01:27:38,095
next to their regular automated strategies.

1255
01:27:38,975 --> 01:27:40,255
And it's actually, yeah,

1256
01:27:40,295 --> 01:27:43,495
we are now preparing some other functions to that.

1257
01:27:44,175 --> 01:27:46,555
So now you can set it up with Bitcoin,

1258
01:27:46,675 --> 01:27:49,075
but we would like the clients

1259
01:27:49,075 --> 01:27:50,555
to be able to set it up with Fayette

1260
01:27:50,555 --> 01:27:52,275
so you don't have to spend Bitcoin, etc.

1261
01:27:52,415 --> 01:27:54,255
So a few other things around that.

1262
01:27:54,375 --> 01:27:54,795
Interesting.

1263
01:27:54,935 --> 01:27:57,115
So you've pulled together a bunch of capital

1264
01:27:57,115 --> 01:28:00,835
which people can use, they can access at a fee.

1265
01:28:02,555 --> 01:28:04,095
I don't think I've heard of that before.

1266
01:28:04,575 --> 01:28:06,935
Our colleague, Stěpán Uharyk,

1267
01:28:06,995 --> 01:28:09,655
which is the CFO of Satoshi Labs and Trezor,

1268
01:28:09,735 --> 01:28:13,675
he said, let's equalize the power between companies

1269
01:28:13,675 --> 01:28:15,855
and between individuals

1270
01:28:15,855 --> 01:28:20,395
because usually companies can buy using leverage much easier.

1271
01:28:20,555 --> 01:28:21,955
which we don't want.

1272
01:28:23,615 --> 01:28:25,215
Keep the power with the individuals.

1273
01:28:26,115 --> 01:28:28,315
So we introduced this product.

1274
01:28:28,915 --> 01:28:30,815
And actually we were afraid, right?

1275
01:28:32,055 --> 01:28:47,310
Lately like past this year like past few months the Bitcoin was going down and we were afraid that people would get liquidated But this 60 value is actually proved that we even backtested it and we didn liquidate

1276
01:28:47,310 --> 01:28:48,770
a single person.

1277
01:28:48,770 --> 01:28:53,310
And the tricky part also, the great part is as you are doing regular buys, you are kind

1278
01:28:53,310 --> 01:28:59,290
of diluting the liquidating moment.

1279
01:28:59,290 --> 01:29:01,690
every other buy, if it's cheaper

1280
01:29:01,690 --> 01:29:03,770
or more expensive, it's kind of diluting

1281
01:29:03,770 --> 01:29:06,150
or averaging

1282
01:29:06,150 --> 01:29:07,270
the

1283
01:29:07,270 --> 01:29:08,870
total value.

1284
01:29:09,750 --> 01:29:10,970
And the capital providers,

1285
01:29:11,670 --> 01:29:13,650
they're just high net worth individuals

1286
01:29:13,650 --> 01:29:15,490
or I'm sure?

1287
01:29:16,110 --> 01:29:17,350
Currently, it's just

1288
01:29:17,350 --> 01:29:19,590
company owners,

1289
01:29:20,590 --> 01:29:21,490
like Invit owners.

1290
01:29:22,490 --> 01:29:24,090
But we are preparing

1291
01:29:24,090 --> 01:29:25,690
like a

1292
01:29:25,690 --> 01:29:27,930
kind of feeder

1293
01:29:27,930 --> 01:29:30,970
fund vehicle.

1294
01:29:32,810 --> 01:29:35,970
Well, we've planned

1295
01:29:35,970 --> 01:29:37,990
or we actually completely arranged

1296
01:29:37,990 --> 01:29:42,290
fund which would raise the liquidity

1297
01:29:42,290 --> 01:29:45,750
for the Bitcoin-backed loans. But as

1298
01:29:45,750 --> 01:29:50,110
the market evolves and

1299
01:29:50,110 --> 01:29:53,090
the interest rates are actually

1300
01:29:53,090 --> 01:29:56,970
getting lower, we've stopped

1301
01:29:56,970 --> 01:29:58,930
that fund

1302
01:29:58,930 --> 01:30:02,090
and we are

1303
01:30:02,090 --> 01:30:03,350
researching

1304
01:30:03,350 --> 01:30:06,190
how to

1305
01:30:06,190 --> 01:30:08,530
twist the business focus

1306
01:30:08,530 --> 01:30:09,810
from only

1307
01:30:09,810 --> 01:30:12,530
a simple Bitcoin background

1308
01:30:12,530 --> 01:30:14,090
towards to

1309
01:30:14,090 --> 01:30:16,570
more

1310
01:30:16,570 --> 01:30:17,970
sophisticated products

1311
01:30:17,970 --> 01:30:20,750
where the interest rates will be

1312
01:30:20,750 --> 01:30:22,470
higher than just

1313
01:30:22,470 --> 01:30:23,090
regular

1314
01:30:23,090 --> 01:30:26,690
right now we can see on Farfish

1315
01:30:26,690 --> 01:30:34,250
it's like around nine percent and it will get lower yeah there's a race to the bottom in that

1316
01:30:34,250 --> 01:30:41,290
area right now and it's uh it's concerning because a lot of people are putting up bitcoin as collateral

1317
01:30:41,290 --> 01:30:48,630
and um you know my question is you know where does the fiat come from that's why i asked the

1318
01:30:48,630 --> 01:30:54,530
question about you know where does that pool of capital come from because if you are putting your

1319
01:30:54,530 --> 01:31:01,370
Bitcoin up as collateral into a black box because you have no idea where the fiat is coming from,

1320
01:31:01,710 --> 01:31:09,310
that fiat could be the liquidity providers, could be banks that are just printing fiat out of

1321
01:31:09,310 --> 01:31:16,090
nowhere. So you're getting counterfeit fiat currency, but you're giving up Bitcoin as collateral.

1322
01:31:16,670 --> 01:31:21,750
And if we have the market drawdown, which we've had, if you get margin call, you lose your Bitcoin.

1323
01:31:21,750 --> 01:31:28,370
you know, they've been charging you interest on money that didn't exist in the first place.

1324
01:31:28,610 --> 01:31:36,750
So having like a licensed bank as a liquidity provider and a lot of the other providers,

1325
01:31:36,870 --> 01:31:39,210
they don't even tell you where the liquidity is coming from.

1326
01:31:39,390 --> 01:31:42,730
Oh, no, it's behind a non-disclosure agreement.

1327
01:31:42,890 --> 01:31:44,590
We're not allowed to tell you where that's coming from.

1328
01:31:44,970 --> 01:31:50,030
So people have to be very, very careful about, you know, answering to these kind of things.

1329
01:31:50,030 --> 01:32:09,070
Absolutely. That's because we were getting various offers for the investment fund and we always went down to the end owner and we rejected many offers because exactly like some strings were taking us to China, which you definitely want.

1330
01:32:09,070 --> 01:32:11,730
some things are taking you.

1331
01:32:11,930 --> 01:32:13,190
So basically that's crucial.

1332
01:32:13,750 --> 01:32:15,470
I think thanks to our network

1333
01:32:15,470 --> 01:32:17,850
here in Czech Republic, we have actually quite

1334
01:32:17,850 --> 01:32:19,690
a broad network of

1335
01:32:19,690 --> 01:32:22,010
family offices

1336
01:32:22,010 --> 01:32:23,890
who are interested

1337
01:32:23,890 --> 01:32:25,090
because

1338
01:32:25,090 --> 01:32:27,250
for some,

1339
01:32:27,950 --> 01:32:29,910
to invest big time into Bitcoin

1340
01:32:29,910 --> 01:32:31,870
is still to...

1341
01:32:31,870 --> 01:32:33,450
For the more conservative

1342
01:32:33,450 --> 01:32:36,070
companies or family offices,

1343
01:32:36,330 --> 01:32:37,910
it's still...

1344
01:32:37,910 --> 01:32:38,790
Let's wait a bit.

1345
01:32:39,010 --> 01:32:41,010
But if you put it into investment fund

1346
01:32:41,010 --> 01:32:43,730
that is providing liquidity against Bitcoin,

1347
01:32:43,870 --> 01:32:45,770
it's kind of like a...

1348
01:32:45,770 --> 01:32:46,550
It makes...

1349
01:32:46,550 --> 01:32:47,250
It's a good start.

1350
01:32:47,510 --> 01:32:49,270
So you follow what...

1351
01:32:49,270 --> 01:32:50,990
You check what the Bitcoin is doing,

1352
01:32:50,990 --> 01:32:52,130
but you're not...

1353
01:32:52,130 --> 01:32:54,290
Your exposure is not direct to the Bitcoin.

1354
01:32:54,730 --> 01:32:56,250
So we realized that actually the fund

1355
01:32:56,250 --> 01:32:58,370
investing into Bitcoin might be interesting

1356
01:32:58,370 --> 01:33:00,290
for some good sources of capital

1357
01:33:00,290 --> 01:33:02,610
because it's like their first step

1358
01:33:02,610 --> 01:33:04,690
into this area for them.

1359
01:33:05,010 --> 01:33:05,910
It's much more conservative.

1360
01:33:06,190 --> 01:33:07,570
In the end, it's a long business.

1361
01:33:07,570 --> 01:33:08,770
It's a credit business.

1362
01:33:09,190 --> 01:33:10,630
So it's actually safer.

1363
01:33:11,050 --> 01:33:15,490
Just the Bitcoin is the asset behind it, but not the direct one.

1364
01:33:15,810 --> 01:33:20,830
So this is interesting where we saw that there is interest for such a product.

1365
01:33:21,290 --> 01:33:21,810
But you're right.

1366
01:33:23,350 --> 01:33:23,890
Good question.

1367
01:33:24,010 --> 01:33:27,810
Yeah, it's going to be, well, let's see what plays out over the next two to four years.

1368
01:33:27,890 --> 01:33:30,790
And that's what you're also concentrating on is education.

1369
01:33:31,450 --> 01:33:35,570
And so that'll be the final discussion, I think, before I ask you the last question.

1370
01:33:35,570 --> 01:33:39,110
because we've got BTC Prague coming around in June.

1371
01:33:39,110 --> 01:33:43,790
And yeah, shout out to both Matthias and Martin

1372
01:33:43,790 --> 01:33:45,250
that have put on, I mean,

1373
01:33:45,250 --> 01:33:47,950
this is a globally recognized conference.

1374
01:33:47,950 --> 01:34:00,384
BTC Prague is on the lips of people from all around the world So there Prague on the map again And you guys with your product as far as I aware

1375
01:34:00,544 --> 01:34:03,525
you're pushing to be there and have a good presence

1376
01:34:03,525 --> 01:34:06,225
and help the guys, support them, sponsor them,

1377
01:34:06,364 --> 01:34:10,364
but also get out the message of what you're trying to achieve.

1378
01:34:10,604 --> 01:34:12,984
And education, and you mentioned your kids earlier.

1379
01:34:12,984 --> 01:34:14,465
Obviously, I've got four kids,

1380
01:34:15,424 --> 01:34:18,324
always trying to push Bitcoin education their way.

1381
01:34:18,384 --> 01:34:23,165
and it would be great if there was a better way for them to access it or accessible information.

1382
01:34:23,744 --> 01:34:25,264
So, yeah, what are your plans around that?

1383
01:34:26,184 --> 01:34:28,544
Great question. Yes, you're right.

1384
01:34:28,804 --> 01:34:33,804
So we are partnering with BTC Prague because it's a great event

1385
01:34:33,804 --> 01:34:37,544
and guys are doing great work every year, better and better.

1386
01:34:38,845 --> 01:34:41,384
So we are planning to be there.

1387
01:34:41,465 --> 01:34:43,285
We have several keynotes there.

1388
01:34:43,285 --> 01:34:46,504
we plan to have some workshops as well

1389
01:34:46,504 --> 01:34:49,304
because the goal is to onboard

1390
01:34:49,304 --> 01:34:51,725
the simplest way right to Bitcoin

1391
01:34:51,725 --> 01:34:55,624
so for the newcomers or for those who are a bit more

1392
01:34:55,624 --> 01:34:57,384
reluctant to start

1393
01:34:57,384 --> 01:35:01,564
and we have this nice topic which actually

1394
01:35:01,564 --> 01:35:04,645
you inspired me Daniel

1395
01:35:04,645 --> 01:35:05,845
and that's the

1396
01:35:05,845 --> 01:35:10,025
when I entered the Bitcoin topic as such

1397
01:35:10,025 --> 01:35:11,204
I started studying etc

1398
01:35:11,204 --> 01:35:16,085
And then I realized for certain people, it's quite technical.

1399
01:35:16,085 --> 01:35:19,145
And I probably am at some boundary.

1400
01:35:19,424 --> 01:35:21,304
And I don't think I will be able to get further.

1401
01:35:21,905 --> 01:35:25,965
But there are the real life stories as you were doing the podcast about like.

1402
01:35:26,064 --> 01:35:32,525
And this is another way how we feel we can onboard people into Bitcoin to basically share people's stories.

1403
01:35:32,665 --> 01:35:34,405
Maybe a bit more generic ones.

1404
01:35:36,264 --> 01:35:37,624
How people entered.

1405
01:35:37,624 --> 01:35:38,845
and there are various motivations,

1406
01:35:39,304 --> 01:35:41,965
which I think all of them are very interesting and great.

1407
01:35:42,484 --> 01:35:46,304
So this is a special section we would like to launch

1408
01:35:46,304 --> 01:35:48,645
on the real user stories.

1409
01:35:48,984 --> 01:35:51,924
The goal is to be more accessible, more user-friendly,

1410
01:35:52,405 --> 01:35:53,504
more simpler language,

1411
01:35:53,504 --> 01:35:57,924
so I can chat with my friends over a glass of wine on it

1412
01:35:57,924 --> 01:36:02,884
and they don't feel like, I don't want to say dumb, right?

1413
01:36:03,004 --> 01:36:06,165
But just like, imagine I'm talking to Slash or Stick

1414
01:36:06,165 --> 01:36:09,744
from Satoshi Labs, you know, how I, I mean, they are like so many lectures.

1415
01:36:10,124 --> 01:36:13,224
I mean, I don't think I ever, it's even about lectures ahead of me, right?

1416
01:36:13,304 --> 01:36:14,304
It's a whole life.

1417
01:36:15,364 --> 01:36:20,864
So I feel there is space and I feel we should not forget these people who probably would

1418
01:36:20,864 --> 01:36:22,585
like to adopt, but it's still too technical.

1419
01:36:22,585 --> 01:36:27,244
And this is something, this educational part we prepare for BTC Prague.

1420
01:36:27,744 --> 01:36:34,405
So they feel comfortable on their like learning curve and their path to Bitcoin.

1421
01:36:35,004 --> 01:36:35,764
So that's the goal.

1422
01:36:36,165 --> 01:36:41,965
amazing well really looking forward to it and uh and seeing you guys there and supporting in any

1423
01:36:41,965 --> 01:36:47,165
way i can and if anybody wants to reach out i'll put uh whatever contact details you're comfortable

1424
01:36:47,165 --> 01:36:51,744
to share just um ping them across to me i'll put them in the show notes and uh if there's any way

1425
01:36:51,744 --> 01:36:58,785
people can add value uh is are you looking for any to fill any spots at the moment if anyone's

1426
01:36:58,785 --> 01:37:06,145
listening and uh and love the message is there opportunities absolutely uh okay if i if i uh

1427
01:37:06,145 --> 01:37:12,545
if i start where i ended uh anybody who has interesting story to share we're happy to to

1428
01:37:12,545 --> 01:37:20,944
bring it in uh someone happy to meet the meet the guys uh if there is any creator or any um

1429
01:37:20,944 --> 01:37:26,585
Influencer supporter, we are also happy to welcome them to meet at the booth.

1430
01:37:28,184 --> 01:37:35,004
If there is anybody who would love to spread the word of Inviti in any of the European countries,

1431
01:37:35,145 --> 01:37:37,924
we are looking even for some new members of our team.

1432
01:37:37,924 --> 01:37:43,585
So definitely could be marketing, could be product, maybe even developers.

1433
01:37:43,944 --> 01:37:46,004
So that actually definitely would be great.

1434
01:37:46,004 --> 01:37:49,304
so if you feel you like us

1435
01:37:49,304 --> 01:37:51,604
because Inviti is a lot about us now

1436
01:37:51,604 --> 01:37:53,744
as I mentioned we have half of it

1437
01:37:53,744 --> 01:37:55,525
Satoshi Labs slash stick

1438
01:37:55,525 --> 01:37:56,564
the other half

1439
01:37:56,564 --> 01:37:59,624
if you feel like we make connection

1440
01:37:59,624 --> 01:38:01,845
or the path of Inviti

1441
01:38:01,845 --> 01:38:03,604
sounds reasonable for you

1442
01:38:03,604 --> 01:38:05,045
we are happy to meet you there

1443
01:38:05,045 --> 01:38:07,604
have a chat and we might figure out

1444
01:38:07,604 --> 01:38:09,484
something just like what happened with

1445
01:38:09,484 --> 01:38:10,905
Daniel at Trezor Lounge

1446
01:38:10,905 --> 01:38:13,104
yes absolutely

1447
01:38:13,104 --> 01:38:14,285
well

1448
01:38:14,285 --> 01:38:16,264
last question guys

1449
01:38:16,264 --> 01:38:19,305
if you had one last orange pill

1450
01:38:19,305 --> 01:38:20,624
left to give to somebody

1451
01:38:20,624 --> 01:38:22,785
who would you give it to and why?

1452
01:38:32,444 --> 01:38:34,244
That's a tough question Daniel

1453
01:38:34,244 --> 01:38:36,925
Well I have one guy in my mind

1454
01:38:36,925 --> 01:38:39,724
we've talked

1455
01:38:39,724 --> 01:38:42,764
constant complainers and rejecters

1456
01:38:42,764 --> 01:38:46,165
Peter Schiff

1457
01:38:46,165 --> 01:38:54,124
but you know what

1458
01:38:54,124 --> 01:38:56,204
he's locked in his

1459
01:38:56,204 --> 01:38:58,344
position he cannot actually

1460
01:38:58,344 --> 01:38:59,504
change his mind

1461
01:38:59,504 --> 01:39:02,704
I think he's

1462
01:39:02,704 --> 01:39:03,425
very smart guy

1463
01:39:03,425 --> 01:39:20,459
he probably has to repeat himself because he doesn he put himself into the corner a guy yeah well my mine actually uh when i see where europe is going compared to other markets

1464
01:39:20,459 --> 01:39:29,399
like us etc i think uh it would be very healthy uh in the european union officials so they don't

1465
01:39:29,399 --> 01:39:31,879
they don't tie the market too much

1466
01:39:31,879 --> 01:39:33,639
and they are

1467
01:39:33,639 --> 01:39:36,139
building like environment where we can

1468
01:39:36,139 --> 01:39:37,859
grow and we just don't

1469
01:39:37,859 --> 01:39:39,899
like behind US and these

1470
01:39:39,899 --> 01:39:42,239
like emerging markets that would be great

1471
01:39:42,239 --> 01:39:44,299
so we get more support

1472
01:39:44,299 --> 01:39:45,499
rather than boundaries

1473
01:39:45,499 --> 01:39:47,979
regulations and all that

1474
01:39:47,979 --> 01:39:51,079
so you mean

1475
01:39:51,079 --> 01:39:53,479
Christine or

1476
01:39:53,479 --> 01:39:54,479
me

1477
01:39:54,479 --> 01:39:59,019
well perfect

1478
01:39:59,019 --> 01:40:02,879
Thank you so much for coming on and for sharing your journey.

1479
01:40:03,379 --> 01:40:07,559
That harrowing experience out there in the ocean really did.

1480
01:40:07,719 --> 01:40:14,439
What a pivotal moment to bring you into the Bitcoin world

1481
01:40:14,439 --> 01:40:17,719
and albeit briefly in the political world.

1482
01:40:17,979 --> 01:40:21,219
I know you're back out of that now and just watch from afar.

1483
01:40:21,879 --> 01:40:23,459
But yeah, incredible work.

1484
01:40:23,659 --> 01:40:26,579
Look forward to catching up with you both in June at BTC Pro.

1485
01:40:26,579 --> 01:40:29,339
we are also looking forward

1486
01:40:29,339 --> 01:40:30,439
and maybe one note

1487
01:40:30,439 --> 01:40:33,179
if someone is interested about

1488
01:40:33,179 --> 01:40:35,299
the sailing journey there is still

1489
01:40:35,299 --> 01:40:37,259
the website up and running

1490
01:40:37,259 --> 01:40:39,439
familyontheboat.com

1491
01:40:39,439 --> 01:40:42,499
familyontheboat.com

1492
01:40:42,499 --> 01:40:43,639
and

1493
01:40:43,639 --> 01:40:45,559
do you have all the pictures on there

1494
01:40:45,559 --> 01:40:46,019
as well

1495
01:40:46,019 --> 01:40:49,219
I'm afraid we have some videos too

1496
01:40:49,219 --> 01:40:50,959
alright

1497
01:40:50,959 --> 01:40:52,459
I'm going to have to go check that out

1498
01:40:52,459 --> 01:40:55,199
thanks guys

1499
01:40:55,199 --> 01:40:56,099
Have a great afternoon.

1500
01:40:56,239 --> 01:40:56,899
Thanks for coming on.

1501
01:40:56,979 --> 01:40:57,359
Thank you.

1502
01:40:57,479 --> 01:40:57,839
Bye-bye.

1503
01:40:58,039 --> 01:40:58,119
Thank you.

1504
01:40:58,319 --> 01:40:58,619
Bye.

1505
01:40:59,919 --> 01:41:00,999
Well, there you go, guys.

1506
01:41:01,119 --> 01:41:04,299
Thank you again, Mike and Pavla, for coming on the show.

1507
01:41:04,719 --> 01:41:08,759
And get over and check out their blog, familyontheboat.com.

1508
01:41:08,899 --> 01:41:15,439
Yes, there's a bunch of pictures there of the boat that was demasted out on the high seas.

1509
01:41:15,659 --> 01:41:19,359
And videos of Michael trying to make emergency calls,

1510
01:41:19,479 --> 01:41:24,399
trying to alert the ships that might be passing in the shipping lanes

1511
01:41:24,399 --> 01:41:26,939
that would have had no chance of seeing them.

1512
01:41:27,039 --> 01:41:30,579
These things are just absolutely giant moving cities, basically.

1513
01:41:31,339 --> 01:41:35,819
The situation they found themselves in was, oh my God,

1514
01:41:35,819 --> 01:41:41,579
it just gives me goosebumps thinking about what they were going through with their kids there,

1515
01:41:41,879 --> 01:41:44,159
questioning all of those decisions.

1516
01:41:44,819 --> 01:41:49,599
When we did our own travel trip, we had some accidents and some bumps and scrapes along the way.

1517
01:41:50,139 --> 01:41:53,559
I had a hospital visit where I had an appendix removed.

1518
01:41:53,559 --> 01:42:02,619
we had my son's head split open and 14 stitches applied in Thailand you'd question yourself at

1519
01:42:02,619 --> 01:42:11,279
these points but what I mean come on like you know facing death square in the face and that story of

1520
01:42:11,279 --> 01:42:15,879
Michael under the boat with the knife in his hand and being pushed up against the hole and it just

1521
01:42:15,879 --> 01:42:16,879
missing his neck.

1522
01:42:17,039 --> 01:42:19,259
I'm like, oh, oh.

1523
01:42:19,959 --> 01:42:22,979
But look at where that brings them now.

1524
01:42:23,679 --> 01:42:24,599
They got home.

1525
01:42:24,699 --> 01:42:26,479
They helped a presidential campaign.

1526
01:42:27,059 --> 01:42:30,079
And now they are absolutely blazing ahead.

1527
01:42:31,159 --> 01:42:36,379
Full steam to bring Bitcoin to as many people.

1528
01:42:36,379 --> 01:42:40,079
Put Bitcoin in as many people's hands as they possibly can.

1529
01:42:40,079 --> 01:42:46,239
And what an absolute mission that is to live by.

1530
01:42:46,819 --> 01:42:48,399
I mean, that is incredible.

1531
01:42:48,639 --> 01:42:52,439
Like the difference you can make, the social impact that you can make.

1532
01:42:52,479 --> 01:42:53,499
And not just on their country.

1533
01:42:53,759 --> 01:43:02,939
Because they fought through the barriers that were thrown up against them to get this Mika license.

1534
01:43:03,139 --> 01:43:04,719
They can serve Europe.

1535
01:43:05,279 --> 01:43:08,099
So they're going to make a difference across a continent.

1536
01:43:08,099 --> 01:43:10,099
not just their own hometown

1537
01:43:10,099 --> 01:43:12,159
not just their own home country

1538
01:43:12,159 --> 01:43:13,619
but a continent

1539
01:43:13,619 --> 01:43:15,579
and that is incredible

1540
01:43:15,579 --> 01:43:17,539
so get along to B2C Prague

1541
01:43:17,539 --> 01:43:18,459
come and meet them

1542
01:43:18,459 --> 01:43:20,419
you heard what they're going to be doing there

1543
01:43:20,419 --> 01:43:21,919
they're going to have a very good presence

1544
01:43:21,919 --> 01:43:25,279
Inviti is the name of the company

1545
01:43:25,279 --> 01:43:27,439
I-N-V-I-T-Y

1546
01:43:27,439 --> 01:43:29,539
go download the app if you're in Europe

1547
01:43:29,539 --> 01:43:30,739
go play around with it

1548
01:43:30,739 --> 01:43:31,839
give them feedback

1549
01:43:31,839 --> 01:43:34,159
this is something that we need

1550
01:43:34,159 --> 01:43:36,699
more services across Europe

1551
01:43:36,699 --> 01:43:39,939
that are offering people the opportunity

1552
01:43:39,939 --> 01:43:42,119
to get their hands on Bitcoin

1553
01:43:42,119 --> 01:43:44,659
and stack for their families.

1554
01:43:45,319 --> 01:43:47,439
So thanks again, everything that you're doing.

1555
01:43:47,859 --> 01:43:50,939
Mike and Pavla, I look forward to seeing you in Prague myself.

1556
01:43:51,679 --> 01:43:53,939
And don't forget, guys, you can use that code BITTEN,

1557
01:43:53,939 --> 01:43:57,219
B-I-T-T-E-N, if you want 10% discount

1558
01:43:57,219 --> 01:44:00,299
on your tickets to B2C Prague.

1559
01:44:00,439 --> 01:44:01,739
Just hit the link in the show notes.

1560
01:44:01,879 --> 01:44:04,279
The same for B2C Ireland, going to be in Dublin,

1561
01:44:04,279 --> 01:44:08,259
back end of May and Helsinki in September.

1562
01:44:08,859 --> 01:44:09,999
Last shout out to Club Orange.

1563
01:44:10,119 --> 01:44:11,119
Thank you for everything you're doing.

1564
01:44:11,219 --> 01:44:13,859
Over 20,000 Bitcoiners across the world are getting connected.

1565
01:44:14,519 --> 01:44:17,459
Self custody with bitbox.swiss forward slash bitten

1566
01:44:17,459 --> 01:44:20,359
and get over to themeetupbreakdown.com

1567
01:44:20,359 --> 01:44:24,179
to find out what's going on in the UK Bitcoin scene.

1568
01:44:24,819 --> 01:44:25,879
Catch you on the next show, guys.